The number of larger ships lost last year was down by more than a third, but the dark fleet is the latest safety concern, while there was also a jump in the number of fires onboard vessels, reports Seatrade Maritime News quoting the insurer Allianz.
AGCS Safety & Shipping Review 2023
Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2023 showed that there 38 total losses involving large vessels, a drop in more than a third from 59 in the previous year, and the lowest number in the report’s 12-year history. The South China Sea region saw the largest number of losses.
The industry has seen a steady improvement in safety and losses with 109 in 2013 and looking back 30 years ago losses stood at more than 200 annually.
“Shipping losses have sunk to the lowest number we have seen in the 12-year history of our annual study reflecting the positive impact safety programs, trainings, changes in ship design and regulation have had over time,” said Captain Rahul Khanna, Global Head of Marine Risk Consulting at AGCS.
However, while numbers were positive there were warnings from AGCS of dark clouds on the horizon. In particular the insurer highlighted the growing dark or shadow fleet of sanction busting tankers, and the issue of fires in particular onboard container vessels and car carriers.
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Source: Seatrade Maritime News
