Shipping faces explosion in accidents as newbuilding spike hits seafarer shortage

Shipping faces explosion in accidents as newbuilding spike hits seafarer shortage
Paul Peachey 21 April 2026

History suggests that when a newbuilding boom coincides with recruitment problems, an explosion of insurance claims follows

The shipping industry faces a growing risk of casualties over the next two years as crew shortages clash with a surge in newbuilding deliveries, according to a leading Nordic insurer.

Shipping cycle data suggests that losses are highest when a spike in deliveries of more advanced ships coincides with a shortage of qualified crew, according to seafarer health insurer, Marine Benefits.

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