Shipping total losses and casualties/incidents declined with 2014 and the 2015 accident year represents a significant improvement on the 10-year loss average. Large shipping losses have declined by 45% over the past decade, driven by an increasingly robust safety environment and self-regulation. However, regional disparities remain. More than a quarter of all losses in 2015 (22) occurred in the South China, Indochina, Indonesia and Philippines maritime region, which has been the top loss hotspot for the past decade. Losses are up year-on-year and are double those of the next highest loss region, East Mediterranean and Black Sea.
Shipping losses declined by 3% compared with 2014. They have declined by 45% over the past decade.
2015: Total losses declined 3% year-on-year from 88 to 85 - the lowest for a decade. More than a quarter of all losses occurred in the South China, Indochina, Indonesia and Philippines region (22, up three losses year-on-year). Total losses in the East Mediterranean and Black Sea and Japan, Korea and North China regions declined year-on-year
2006 - 2015: 1,231 losses worldwide were identified over this period. The 2015 accident year (85) represents a significant improvement on the 10-year loss average (123). South China, Indochina, Indonesia and Philippines has been the top hotspot (252) for a decade, followed by East Mediterranean and Black Sea (162) and Japan, Korea and North China (145).
Note: All figures based on reported losses as of January 22, 2016. 2015 total losses may increase slightly, as based on previous years’ experience developments in losses lead to a number of total losses being confirmed after year-end. The average variance over the past nine years has been an increase of less than three total losses, but in some years this varies, with up to 13 additional losses being notified for one year.