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China blasts highlight growth of accumulation of values in port

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The International Union of Marine Insurance President Dieter Berg said that the recent warehouse blast in China's Tianjin city "demonstrates the persistent growth of accumulation of values in port and storage areas, particularly in highly industrialized regions," reports Ship & Bunker.

The trend towards larger container ships, together with the construction of extensive freight handling and storage facilities is driving the continuous growth of this type of large-scale risk, said IUMI.

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