Subscribe to our Mailing Lists (It's free!)
Wednesday, August 17, 2022
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    maritime jobs

    Singapore, Pacific Carriers, Pacific International Lines partner to enhance attractiveness of maritime jobs

    seafarers charity

    The Seafarers’ Charity becomes member of Diversity in Maritime Charter programme

    ukrainian seafarers

    Survey highlights need to help Ukrainian seafarers travel internationally

    uk maritime strategy

    UK: New maritime security strategy to address physical and cyber threats

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    Aqaba Container Terminal

    Aqaba Container Terminal to achieve net zero by 2040

    indonesia shipping energy transition

    Indonesia can be at the centre of shipping’s energy transition, says new report

    port of corpus christi

    Port of Corpus Christi to launch solar farm

    reneweables for maritime

    German, French partners to produce renewable fuels for maritime

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    one digital rates

    ONE to enable automatic digital rate transfer

    uk maritime strategy

    UK: New maritime security strategy to address physical and cyber threats

    cyprus shipping

    Cyprus to accelerate digitalization for shipping

    hapag lloyd

    Hapag-Lloyd to track containers in real time

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    uk mca ships detentions

    Seven new foreign flagged ships detained in UK ports during July 2022

    indonesia coal exports ban

    Indonesia to impose more coal export bans

    black sea mou cic stcw

    Black Sea MoU announces PSC Concentrated Inspection Campaign on STCW

    amsa psc annual report 2021

    AMSA PSC Annual Report 2021

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    Aqaba Container Terminal

    Aqaba Container Terminal to achieve net zero by 2040

    port of corpus christi

    Port of Corpus Christi to launch solar farm

    Baltic Exchange

    Baltic Exchange: Maritime market highlights 06 August-12 August

    eu sanctions

    EU sanctions: Clarification on carriage of certain Russian cargoes

  • Columns
    EPS

    EPS: Decarbonization and crew welfare as top priorities

    undewater noise

    Port of Vancouver: Slowing ships down supports healthier ecosystems

    human sustainability

    Wilhelmsen: Competence is vital for industry’s sustainability

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    maritime jobs

    Singapore, Pacific Carriers, Pacific International Lines partner to enhance attractiveness of maritime jobs

    seafarers charity

    The Seafarers’ Charity becomes member of Diversity in Maritime Charter programme

    ukrainian seafarers

    Survey highlights need to help Ukrainian seafarers travel internationally

    uk maritime strategy

    UK: New maritime security strategy to address physical and cyber threats

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    Aqaba Container Terminal

    Aqaba Container Terminal to achieve net zero by 2040

    indonesia shipping energy transition

    Indonesia can be at the centre of shipping’s energy transition, says new report

    port of corpus christi

    Port of Corpus Christi to launch solar farm

    reneweables for maritime

    German, French partners to produce renewable fuels for maritime

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    one digital rates

    ONE to enable automatic digital rate transfer

    uk maritime strategy

    UK: New maritime security strategy to address physical and cyber threats

    cyprus shipping

    Cyprus to accelerate digitalization for shipping

    hapag lloyd

    Hapag-Lloyd to track containers in real time

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    uk mca ships detentions

    Seven new foreign flagged ships detained in UK ports during July 2022

    indonesia coal exports ban

    Indonesia to impose more coal export bans

    black sea mou cic stcw

    Black Sea MoU announces PSC Concentrated Inspection Campaign on STCW

    amsa psc annual report 2021

    AMSA PSC Annual Report 2021

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    Aqaba Container Terminal

    Aqaba Container Terminal to achieve net zero by 2040

    port of corpus christi

    Port of Corpus Christi to launch solar farm

    Baltic Exchange

    Baltic Exchange: Maritime market highlights 06 August-12 August

    eu sanctions

    EU sanctions: Clarification on carriage of certain Russian cargoes

  • Columns
    EPS

    EPS: Decarbonization and crew welfare as top priorities

    undewater noise

    Port of Vancouver: Slowing ships down supports healthier ecosystems

    human sustainability

    Wilhelmsen: Competence is vital for industry’s sustainability

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

Asia saw fewer total shipping losses in 2018

by The Editorial Team
June 21, 2019
in Accidents
marine accident investigations

Above image is used for illustration purposes only

FacebookTwitterEmailLinkedin

The frequency and cost of collision, grounding and fire incidents has increased in some areas for Asian-based ship owners and managers, but the number of total losses as a whole has reduced significantly over the past 12 months, said Allianz in its recent Shipping and Safety review 2019, recommending that newer infrastructure, better port operations and more up-to-date charts would help to address some of these issues.

In 2018, a quarter of shipping total losses occurred in the South China, Indochina, Indonesia and Philippines maritime region.

However, this region’s loss total of 12 is significantly down year-on-year and is at its lowest for at least a decade.

Key figures

RelatedNews

Watch: Wood cargo washed ashore after falling from cargo ship

One dead after fishing vessel collides with USCG cutter

Analysis data by AGCS on 4,000 insured vessels revealed:

  • The number of collision incidents in the region has increased by 22% in the past four years
  • There have been 425 collision or contact incidents during this period with the average cost of collision claims highest on container vessels (approximately $840,000 based on the 100% loss total of the insurance market, as a number of marine insurers can be involved with any one risk).
  • Overall, collision incidents are the second most frequent cause of claims in the region behind machinery breakdown/engine damage (462 incidents).
  • Meanwhile, a 50% increase in the frequency of incidents overall on container vessels over the past three years alone makes these vessels one of the biggest areas of concern for insurers with around 250 incidents in total during the period covered by the data set.
  • Incidents of groundings have also risen among Asian ship owners/managers (177 incidents in total) with this rise affecting most ship types.
  • Hotspots for groundings and collisions include busy and difficult to navigate ports and transit routes, such as Chittagong in Bangladesh or the Suez Canal. The South China Sea is also a hotspot for collisions.
  • Fires also continue to be an issue with 34 reported incidents over four years, at a total cost to the region’s insurance sector of almost $50m ($48mn). There has been an increase in cargo fires on container ships and car carriers, with a number of notable losses in 2018 and 2019.
  • There have also been a number of fires on smaller chemical and product tankers, such as those triggered by ship-to-ship cargo transfer incidents, as well as engine fires on bulk carriers.

We have seen a rise in incidents involving car carriers, which are becoming more expensive. This is a major concern with fires on the Auto Banner in May 2018 and most recently the Sincerity Ace in January 2019,

…says Tom Taberner, Regional Head, Energy & Marine, Asia at AGCS.

We do typically see more incidents of groundings and collisions in Asia than other locations around the world, but this generally reflects the higher levels of trade and where ship owners are trading. In many cases port infrastructure in Asia is new and there are many new or expanding ports in China, Korea, Japan and Malaysia etc. Newer infrastructure means fewer issues, better port operations and more up-to-date charts,

…said Pierre Chevalier, Head Marine Hull, Asia, AGCS.

Tags: AllianzcollisiongroundingIndonesialoss preventionmarine casualtiesPhilippines

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Aqaba Container Terminal

Aqaba Container Terminal to achieve net zero by 2040

August 17, 2022
indonesia shipping energy transition

Indonesia can be at the centre of shipping’s energy transition, says new report

August 17, 2022
MARITIME EVENTS

RISK4SEA Facts

Did you know which port has the largest Detention Rate in Tokyo MoU for Bulk Carriers in 2020? Tanjung Priok, Indonesia, had a Detention Rate of 27% in 37 inspections.

Learn more risk4sea.com

Explore

  • Safety
  • Green
  • Smart
  • Risk
  • Others
  • Events
  • Plus

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Contact

© 2021 SAFETY4SEA

No Result
View All Result
  • Safety
    • Alerts
    • Accidents
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Opinions
    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus

© 2021 SAFETY4SEA

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Disclaimer.