What Goes Down ...

Marine Technology Reporter
Tuesday, May 21, 2013

... Arguably should come up, but that’s not always the case. The business of salvage and recovery is one of the most unpredictable and harrowing ends of the subsea business, if for no other reason due to the random nature of the business (though if you read Joseph Fonseca’s  article “The Salvage Bonanza” on the previous pages, perhaps it is not always unpredictable.)
To help add perspective to the business, we present here the recent study from Allianz Global Corporate & Specialty’s Safety and Shipping Review 2013 which focuses on key developments in maritime safety during 2012, and analyzes reported shipping losses (of over 100 gross tons) during the 12 months prior to 25 November 2012. The recently released statistics and analysis are an eye opener for any stakeholder and the annual review also examines trends and developments affecting shipping safety, future challenges to safety and looking ahead; some topics to watch. Allianz identifies 106 ship losses in the 12 months to November 25 2012 – up from 91 ships the previous year, but a 27% decrease on the ten year average of 146 ships per annum. Despite this long term downward trend, Allianz says that human error remains the core challenge. Twice as many shipping accidents centered on the seas around South China, Indo China, Indonesia and the Philippines. Shipping losses also occurred more often in the East Mediterranean and the Black Sea or around Japan, Korea and North China (10 losses).
Other key findings of the report: Human error remains a root cause of most incidents. Fatigue, economic pressures, and inadequate training are causes for concern. New regulations focus on the problem of human error. The Maritime Labor Convention (2006) will help improve safety by addressing the welfare and working conditions of seafarers. Major shipping companies have initiated self-regulation initiatives post-Costa Concordia, with the Cruise Lines International Association and the European Cruise Council partnering to lead industry-wide voluntary adoption of policies that go beyond international regulations. Eventually, self-regulation of the industry may become the core driver of safety. Technological improvements such as the introduction of mandatory Electronic Chart Display and Information Systems (ECDIS) in July 2012 are expected to reduce accidents, but only where properly applied with effective training and management oversight.

Allianz Global Corporate & Specialty (AGCS) is a leading marine insurer, offering insurance cover for all types of modern shipping. AGCS also offers cargo insurance, covering physical loss or damage to international and domestic goods in transit. AGCS consists of various legal companies operating under the Allianz Global Corporate & Specialty brand. Read the full report at

(As published in the May 2013 edition of Marine Technologies - www.seadiscovery.com)

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Tote Cargo ship adrift near Haida Gwaii

The MV North Star, a cargo ship that is owned by TOTE Maritime, spent more than half a day adrift Tuesday off the coast of British Columbia, Canada.   The Canadian

When Conducting Investigations Consider 'Privileges'

Whether voluntarily or as required by the International Safety Management Code, the American Waterways Operators’ (AWO) Responsible Carrier Program, or some other rule or regulation,

Adrift Cargo Ship Taken in Tow

The Barbados-registered cargo vessel Skog, which was adrift off Orkney after encountering engine problems, is now under tow, the U.K. Maritime and Coastguard Agency (MCA) reported.

Underwater Engineering

Ship Conversion: Offshore Survey Vessel to Become a Flotel

Dutch shipowner C-Bed has contracted Wärtsilä Ship Design to supply the design for rebuilding its Seismic Survey Vessel, the Viking II, for use as a hotel vessel

Largest Underwater CO2 Release from Pipeline - DNV GL

Carbon capture, utilisation and storage (CCUS) is gaining momentum to meet stringent climate change goals and secure energy supplies for the future. To fully

Warm Water Mixing up Life in Arctic

AWI researchers’ unique 15-year observation series reveals how sensitive marine ecosystems in polar regions are to change The warming of arctic waters in

Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Salvage Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0858 sec (12 req/sec)