Lay up clusters a concentrated insurance risk
The large number of ships laid up in storm-exposed areas across Asia is presenting a major insurance risk, the London market has warned.
Singapore: Some congestion hot-spots seen as a greater insurance risk
Surveyors, brokers and insurers have raised the alarm over the potential “concentration of risk” posed by out-of-work ships parked in close proximity to areas which suffer seasonal tropical storms.
Shipowners are largely holding back from putting their ships into official lay-up,...
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