Are We Fools?

“Only a fool learns from his own mistakes. The wise man learns from the mistakes of others" -Otto von Bismarck You might be tempted to assume that the above photo (courtesy of ShipSpotting.com and Vitaliy Kharchenko) is of the Comoros-flagged SL Star.  That feeder container vessel capsized in Bandar Abbas, Iran on March 19th during cargo operations with up … [Read more...]

INTERCARGO Analyzes 10 Years of Bulk Carrier Casualties

The International Association of Dry Cargo Shipowners (INTERCARGO) has released a report into bulk carrier casualties from 2008 to 2017, providing an analysis of statistics and trends over the last ten years of bulk shipping. According to the report, 53 bulk carriers over 10,000 dwt have been identified as total losses during the 2008 to 2017 time period, with cargo shift … [Read more...]

Reckless Piloting, Overcrowding Eyed in Fatal Thai Boat Accident

BANGKOK, Sept 19 (Reuters) - An overcrowded tourist boat carrying Muslim pilgrims was being piloted recklessly before it capsized, killing at least 15 Thai people, officials said on Monday as divers and other rescuers searched for 11 people still missing. The accident happened on Sunday on the Chao Phraya River in Ayutthaya, a UNESCO World Heritage site located some 80 km … [Read more...]

Shipping Disasters Continued Decade-Long Decline in 2015, Report Shows

Despite what you may think from reading the news, the number of total losses and casualties in shipping each continued the decade-long downward trend in 2015, with 85 reported total loss incidents worldwide, according to Allianz Global's (AGCS) fourth annual Safety and Shipping Review 2016. Although the number of losses remained stable year-on-year, declining just 3% … [Read more...]

Shipping Losses at 10-Year Low – And Other Interesting Facts About Maritime Losses and Casualties in 2014

While it may seem like may seem like major maritime accidents are on the rise, new data shows that the number of losses and casualties in the shipping industry each year are actually steadily declining. To show this, global marine insurance provider Allianz Global Corporate & Specialty (AGCS) has released its third annual Safety and Shipping Review 2015, which analyzes … [Read more...]