Print

Major Losses by Type of Vessel: 2006-2015

Cargo and fishing vessels accounted for almost 60% of losses over the past decade followed by bulk carrier. Cargo has topped the loss rankings every year for the past decade. Cargo and fishing vessels also accounted for over 60% of ships lost during 2015.

Total Losses by Type of Vessel: 2006-2015

El Faro wreckage 

Underwater shot of the El Faro, one of four reported ro-ros lost during 2015 Photo: National Transportation Safety Board

/assets/Infographics/Safety%20and%20Shipping/2016/Loss%20Data/Total-Losses-By-Type-of-Vessel-2006-2015_800.jpg(Click on chart to expand) Source: Lloyd’s List Intelligence Casualty Statistics. Data Analysis & Graphic: Allianz Global Corporate & Specialty

/assets/Infographics/Safety%20and%20Shipping/2016/Loss%20Data/Total-Losses-By-Vessel_Chart-2006-2015_800.jpg(Click on table to expand) Source: Lloyd’s List Intelligence Casualty Statistics. Data Analysis & Graphic: Allianz Global Corporate & Specialty

***

2015 is the second year in a row that annual losses have dropped below 100 and the third time this has occurred in the past five years, driven in part by an increasingly robust safety environment. Together, cargo (506) and fishing vessels (213) have accounted for almost 60% of the 1,231 losses over the past decade. Bulk carrier ranks third (97). Cargo has topped the loss rankings every year for the past decade.

Total Losses by Type of Vessel: January 1, 2015 – December 31, 2015

/assets/Infographics/Safety%20and%20Shipping/2016/Loss%20Data/Total-Losses-By-Type-of-Vessel-2015_900.jpg(Click on chart to expand)

Cargo and fishing vessels also accounted for over 60% of ships lost during 2015, with both types of vessels seeing a reported increase in losses year-on-year. This is the first time there has been an increase in cargo losses for three years, a potentially concerning development. Although fishing vessels have seen a reduction in losses over the past five years, compared with 2006-2010, they remain significantly exposed due to harsh operating environments and time pressures around catching/quotas.