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The number of larger ships lost last year was down by more than a third, but the dark fleet is the latest safety concern, while there was also a jump in the number of fires onboard vessels, according to insurer Allianz.
The tanker fleet of Venezuela’s oil major PDVSA is at risk of oil spills, sinking, fires, collision or flooding, according to an internal report seen by Reuters.
An incident in the Panama Canal could prove costly as the Panama Canal Authority (ACP) implements a ‘disruption charge’ for vessels causing delays and operational difficulties to the critical waterway.