Marine insurers sailing into uncharted waters

In-Depth

Marine insurers are displaying distinct feelings of trepidation as they witness another milestone in the evolution of the containership. They see the decision of Maersk Line to order 10 18,000 TEU vessels, with options for a further 20, as a leap into a dangerous and unknown area of risk and are watching anxiously to see if other shipping lines follow the mantra that “bigger is better”. Early indications suggest this will be the case.

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