Low oil prices and increased competition create ‘perfect storm’ for marine market

08-02-2017

Low oil prices and increased competition create ‘perfect storm’ for marine market

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Against a backdrop of competitive renewals, over capacity, rate reductions and plummeting profits, there are growing concerns around the health of the offshore energy market, according to the International Union of Marine Insurance (IUMI).


IUMI, Dieter Berg, Simon Williams, Hiscox, London, UK, Marine, Global

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