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SAFETY4SEA

Major casualties at sea are continuing at a high level

by The Editorial Team
May 9, 2011
in Shipping
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Weather continues to be the main cause of total losses

2011.5.5-CargoS.jpgThe average size of dry bulkers and tankers suffering total losses is continuing to rise, according to the International Union of Marine Insurance, with underwriters warning that major casualties at sea are continuing at a high level.

IUMI statistics show 623 losses have been reported to date for 2010, meaning the tally of losses will likely be as bad as in the previous two years.

Moreover, the number of total losses for both 2008 and 2009 has increased during the past year – for 2008, the number of reported total losses has increased from 89 to 96, and for 2009 from 67 to 86.

RelatedNews

IUMI: As shipping decarbonises, safety must stay the course

IUMI: Facilitating free trade remains at the top of the agenda

Weather continues to be the main cause of total losses, followed by groundings.

Major casualties at sea are continuing at a high levelMajor casualties at sea are continuing at a high level
Major casualties at sea are continuing at a high levelMajor casualties at sea are continuing at a high level
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