Author: Noreen Fahad

Roughly 80% of everything traded across borders by volume still moves by sea. That makes shipbuilding one of the least visible, most consequential industries in the global economy.

If you own or operate a ship, insurance isn’t a box you tick once a year, it’s one of the biggest variables in whether your business survives a bad month. A single collision, a hijacked vessel, or a cargo fire can wipe out years of margin in an afternoon.

More than 90% of world trade moves by sea, and almost every one of the roughly 100,000 vessels carrying it also carries ballast water , seawater taken on to keep a ship stable and offloaded again at the next port.