Given as much as 90% of international trade is transported across oceans, maritime safety is critical. Thirty years ago, the global shipping fleet lost around 200 large vessels a year. This total fell to a record low of 26 in 2023, a decline of more than one third year-on-year and […]
Tag: Shipping
Allianz: Shipping losses lowest this century, but incident numbers remain high
Safety and Shipping Review 2019: 46 large ships lost worldwide in 2018, down by a record 50% annually and 55% below the 10-year average of 104. Total losses significantly fell in accident hotspots such as South East Asia. Weather losses halved due to quieter storm year. Number of shipping incidents […]
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