14 Big Ships Lost in Asian Waters in 2019
WMN.. Asian waters accounted for a third of large vessels lost at sea globally last year, even as large shipping losses are at a record low having fallen by over 20 per cent year-on-year, according to specialty insurer Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2020.
As informed, fourteen large ships were lost in Asian waters in 2019, accounting for more than 33 per cent of losses worldwide, according to World Maritime News.
Despite the record low in large ship losses, the coronavirus crisis could endanger the long-term safety improvements in the shipping industry for 2020 and beyond, as difficult operating conditions and a sharp economic downturn present a unique set of challenges, according to Allianz.
“Coronavirus has struck at a difficult time for the maritime industry as it seeks to reduce its emissions, navigates issues such as climate change, political risks and piracy, and deals with ongoing problems such as fires on vessels,” Baptiste Ossena, Global Product Leader Hull Insurance, AGCS.
“Now the sector also faces the task of operating in a very different world, with the uncertain public health and economic implications of the pandemic.”
The annual AGCS study analyzes reported shipping losses over 100 gross tons (GT) and also identifies ten challenges of the coronavirus crisis for the shipping industry which could impact safety and risk management.
In 2019, 41 total losses of vessels were reported around the world, down from 53, twelve months earlier. This represents an approximate 70 per cent fall over ten years and is a result of sustained efforts in the areas of regulation, training and technological advancement, among others.
More than 950 shipping losses have been reported since the start of 2010.
Top loss locations and most affected ships
According to the report, the South China, Indochina, Indonesia and Philippines maritime region remains the top loss location with twelve vessels in 2019 and 228 vessels over the past decade — one in four of all losses.
What is more, the Japan, Korea and North China region saw two vessels lost in 2019 and is the third largest loss location overall with 104 since 2010. High levels of trade, busy shipping lanes, older fleets, typhoon exposure, and safety issues on some domestic ferry routes are contributing factors. However, in 2019, losses declined for the second successive year, mirroring a global trend.
Cargo ships accounted for more than a third of vessels lost in the past year, most of them in South East Asian waters. Foundered ships (sunk/submerged) were the main cause of all total losses, accounting for three in four. Bad weather accounted for one in five losses. Issues with car carriers and roll-on/roll-off (RoRo) vessels remain among the biggest safety issues. Total losses involving RoRos are up year-on-year, as well as smaller incidents (up by 20 percent) — a trend continuing through 2020…..reports World Maritime News..
As informed, fourteen large ships were lost in Asian waters in 2019, accounting for more than 33 per cent of losses worldwide, according to World Maritime News.
Despite the record low in large ship losses, the coronavirus crisis could endanger the long-term safety improvements in the shipping industry for 2020 and beyond, as difficult operating conditions and a sharp economic downturn present a unique set of challenges, according to Allianz.
“Coronavirus has struck at a difficult time for the maritime industry as it seeks to reduce its emissions, navigates issues such as climate change, political risks and piracy, and deals with ongoing problems such as fires on vessels,” Baptiste Ossena, Global Product Leader Hull Insurance, AGCS.
“Now the sector also faces the task of operating in a very different world, with the uncertain public health and economic implications of the pandemic.”
The annual AGCS study analyzes reported shipping losses over 100 gross tons (GT) and also identifies ten challenges of the coronavirus crisis for the shipping industry which could impact safety and risk management.
In 2019, 41 total losses of vessels were reported around the world, down from 53, twelve months earlier. This represents an approximate 70 per cent fall over ten years and is a result of sustained efforts in the areas of regulation, training and technological advancement, among others.
More than 950 shipping losses have been reported since the start of 2010.
Top loss locations and most affected ships
According to the report, the South China, Indochina, Indonesia and Philippines maritime region remains the top loss location with twelve vessels in 2019 and 228 vessels over the past decade — one in four of all losses.
What is more, the Japan, Korea and North China region saw two vessels lost in 2019 and is the third largest loss location overall with 104 since 2010. High levels of trade, busy shipping lanes, older fleets, typhoon exposure, and safety issues on some domestic ferry routes are contributing factors. However, in 2019, losses declined for the second successive year, mirroring a global trend.
Cargo ships accounted for more than a third of vessels lost in the past year, most of them in South East Asian waters. Foundered ships (sunk/submerged) were the main cause of all total losses, accounting for three in four. Bad weather accounted for one in five losses. Issues with car carriers and roll-on/roll-off (RoRo) vessels remain among the biggest safety issues. Total losses involving RoRos are up year-on-year, as well as smaller incidents (up by 20 percent) — a trend continuing through 2020…..reports World Maritime News..
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