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Shipping collisions likely with decline in oil prices: Skuld

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Stale Hansen, chief executive of Norway-based marine insurer Assuranceforeningen Skuld, has said that an increase in shipping collisions is likely as shipping activity increases amid the current decline in oil prices, Ship & Bunker reported citing ShippingWatch.

"We're unfortunately seeing a rise in collision claims," said Mr. Hansen. Skuld's profits in the third quarter of 2014 were lower than expected, Mr. Hansen added.

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