Decline in total ship losses
The annual number of claims has fallen by 65% since 2013, which reflects the focus on safety measures, such as tighter regulations, improved ship design and risk management methods.
By 2022, almost 25% of ship losses involved cargo ships (10). Over the 2013-2022 decade, bottom losses (53%), groundings (17%) and fires/explosions (14%) are the three main causes of total loss. These three events account for 85% of the 807 claims reported over the period.
Total ship losses: 2013-2022
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bottom losses | 69 | 49 | 66 | 48 | 57 | 33 | 32 | 25 | 35 | 20 | 434 |
| Groundings | 20 | 18 | 19 | 22 | 15 | 18 | 9 | 12 | 1 | 3 | 137 |
| Fires/explosions | 15 | 7 | 9 | 13 | 8 | 12 | 21 | 14 | 9 | 8 | 116 |
| Machinery breakdowns and failures | 1 | 5 | 2 | 10 | 9 | 3 | 3 | 4 | 7 | 2 | 46 |
| Collisions | 2 | 2 | 7 | 2 | 1 | 3 | 3 | 3 | 3 | 4 | 30 |
| Hull damage | 1 | 5 | 2 | 4 | 5 | 2 | 1 | 1 | 1 | 1 | 23 |
| Collisions (e.g. harbor wall) | 0 | 1 | 0 | 0 | 0 | 2 | 1 | 0 | 0 | 0 | 4 |
| Disappearances | 0 | 0 | 0 | 2 | 0 | 0 | 1 | 0 | 0 | 0 | 3 |
| Miscellaneous risks | 1 | 2 | 0 | 1 | 0 | 0 | 1 | 6 | 3 | 0 | 14 |
| Total | 109 | 89 | 105 | 102 | 95 | 73 | 72 | 65 | 59 | 38 | 807 |
Source : AGCS, Safety and shipping review 2023
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