
Electrification of the global economy continues to bear risks for the shipping industry and supply chains, according to Allianz Commercial’s latest Safety and Shipping Review.
Electrification of the global economy is driving huge demand for lithium-ion batteries, from electric cars and e-bikes to industrial scale battery storage systems. The global battery market is forecast to reach US$322bn by 2030, more than double its value in 2024, driven by growing demand for electric vehicles and battery storage systems required to support the transition to renewable energy. Continue reading “Electrification continues to bear risks for the shipping industry”










