Reduction in the number of ship losses
Relatively few ships actually sink at sea. The vast majority of the following "losses" simply refer to ships which are damaged and "written off" by the hull insurers as being beyond economical repair - described by underwriters as "total constructive losses".
The figures below cover the entire global industry and indicate the steady improvement in safety performance over the last decade.
Total losses by number (ships over 500gt)
Source: IUMI
- Overview
- How shipping is regulated internationally
- The principal regulations governing maritime safety
- Reduction in the number of ship losses
- Reduction in the number of accidents at sea
- Reduction in the quantity of spilled oil
- Lives lost at sea
- Key issues for ship operators and maritime employers