Aon Marine Insurance Market Review – January 2008 - 1.02.08

Please click here for the link to Aon’s review of the marine market conditions in 2008.  Aon highlights the marine insurance market and the shipping industry as follows:

Marine insurance highlights

• Industry largely profitable
• More capacity fuels competitive prices
• Pollution claims hit P&I
• Hull losses starting to bite
• Super yacht market growing fast

Shipping industry highlights

• World trade booming
• Safer operating environment
• Shipyards at full tilt
• Ship size continues to grow
• Risk of experienced crew shortages increases