MUNICH–(BUSINESS WIRE)– #AllianzCommercial–Given that 90% of international trade is transported across oceans, maritime safety and stable shipping trading routes are critical. According to Allianz Commercial’s latest Safety and Shipping Review, incidents like the closure and reported mining of the Strait of Hormuz are the latest in a series of recent disruptions to have impacted shipping. They signal a transition toward a “new maritime order” defined by escalating security risks along strategic shipping corridor
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