Business News

Protecting cargo and ships: Why marine insurance matters

Jun 13, 2025

New Delhi [India], June 13: The shipping industry is the backbone of global trade, ensuring that goods move efficiently across borders. Every year, trillions of dollars' worth of cargo travel via sea routes. However, this industry comes with significant risks--natural disasters, piracy, cargo theft, and mechanical failures can cause massive financial losses. To safeguard against these risks, marine insurance plays a crucial role.