Shipping safety: vessel losses down by 33 percent

This review shows just 26 total losses of vessels (over 100 gross tonnage [GT]) during 2023, compared with 41 a year earlier, down by more than a third. Annual shipping losses have declined by 70% over the past decade (89 in 2014). South China, Indochina, Indonesia, and the Philippines is the main loss hotspot globally, both over the past year […]