News & Press Releases

Safety & Shipping Review 2018

  • Americas region: Accounts for 9% of global shipping losses in 2017; piracy down year-over-year - Venezuela is top hot spot.
  • Human error: Still major driver of incidents. Big data analysis of crew behavior may help.
  • 94 large ships lost worldwide in 2017, down 38% over 10 years. Bad weather involved in 1 in 4 losses.
  • “Mega ship” fires, emissions rules, climate change and automation pose new threats.
  • Insurers expect more losses from cyber incidents and tech defects.
  • Fridays are most dangerous at sea: 175 of 1,129 total losses reported over the past decade have occurred on Fridays.
  • “New Bermuda Triangle” identified.