$125bn trapped by Hormuz overshadows improving ship safety record

🌐 Seatrade Maritime (United Kingdom) —

AI Summary

Allianz reports an improving ship safety record in 2025 with fewer incidents and losses, but highlights growing political risks in the Strait of Hormuz. $125 billion in trade value is trapped due to tensions, overshadowing safety improvements in maritime transport.

Allianz reports fewer incidents and total losses in 2025, but warns political risk is now a growing threat to maritime safety.

Security Politics Markets Shipping Hormuz Strait Allianz maritime safety political risk ship incidents trade value shipping delays

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