Shipping Losses Continue Decline But “Perfect Storm” Looms -Report

Large shipping losses have declined by 50% over the past decade, largely driven by development of a more robust safety environment by ship-owners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety & Shipping Review 2017. In 2016, there were 85 total losses reported around the shipping world, down 16% compared with a year earlier (101). … [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...]

2015 Off to a Horrendous Start for Maritime Industry

The global maritime industry seems to be off to a horrendous start in 2015. The turn of the year was supposed to be about new environmental regulations and "ECO" ships that would lead the global shipping industry to a greener future, new safety requirements, increased optimism almost across the board, and continued innovation, but so far those headlines have been marred with … [Read more...]

At Least Six Die in Argentine Barge Crash, Search for Missing Continues

The Buenos Aires Herald reports six sailors on board the sand barge “Río Turbio,” are confirmed dead following a collision in the early morning hours this past Saturday with the Paraguayan tugboat “Ava Payagua”.  The incident occurred on the Argentine river, Parana de las Palmas. The sand barge sank immediately as a result of the accident and seven … [Read more...]

Capsized fishing trawler salvaged

On March 1, the fishing trawler Nieuwpoort 28 (N28) capsized twenty miles off the French/Belgian coast. It was upside-down in the water and the French and Belgian Coastguards mobilised a Search & Rescue operation during which Navy divers searched the vessel but were unable to find any of the trawler's three crew members – two brothers and their brother-in-law, all … [Read more...]