PDF REPORT: Safety and Shipping Review 2016

PDF REPORT: Safety and Shipping Review 2016

Allianz Global Corporate & Specialty® (AGCS) fourth annual Safety and Shipping Review 2016, which analyzes reported shipping losses of over 100 gross tons.

2015: Safest Year in Shipping in the Last Decade

Although the number of losses remained stable, declining by just 3% compared with the previous year (88), 2015 was the safest year in shipping for a decade. Losses have declined by 45% since 2006, driven by an increasingly robust safety environment and self-regulation.

Cargo and fishing vessels accounted for over 60% of ships lost globally, with cargo losses up for the first time in three years. The most common cause of total losses is foundering (sinking), accounting for almost 75% of losses, up 25%, and often driven by bad weather.

For more information and to download the full report in PDF format please visit: https://cyberpolicymagazine.com/images/pdf-downloads/AGCS%20Safety%20Shipping%20Review%202016%20Executive%20Summary.pdf

To download the executive summary in PDF format visit: https://cyberpolicymagazine.com/images/pdf-downloads/AGCS%20Safety%20Shipping%20Review%202016%20Executive%20Summary.pdf


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