Allianz Warns EV Fire Risks at Sea ‘Not Under Control’

A Coast Guard C-130J Super Hercules aircrew from Air Station Kodiak conducts an overflight of a fire aboard the cargo vessel Morning Midas approximately 300 miles south of Adak, Alaska, June 3, 2025. All 22 crew members were rescued by the crew of motor vessel Cosco Hellas with no reported injuries. (U.S. Coast Guard photo courtesy of Roland Hobson)

As part of our Career Connect Washington Maritime Sector ongoing work, we actively track, document, and inform about emerging technologies and trends. Global insurer Allianz Commercial warns the Morning Midas fire is the latest example of an underling safety problem facing seafarers.

Captain Rahul Khanna, Global Head of Marine Risk Consulting, Allianz Commercial said in its latest Safety and Shipping Review fires on container ships and car carriers remain a major concern for insurers. 

“While regulatory changes are in progress, we cannot say this is a risk that is under control,” said Captain Khanna. “This is still very much a live issue and one that will only get worse [with electrification].”

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