Shipping losses lowest in 10 years but large ships, cyber attacks new threats

KUALA LUMPUR: Shipping losses last year were the lowest in the last 10 years with only 75 large ships lost and made it the safest year for the sector but large ships and cyber attacks have posed new threats to the maritime sector.

Allianz Global Corporate and Speciality SE (AGCS) said on Wednesday 75 ships were lost in 2014 and were well below the 10-year loss average of 127 ships.