Frank J. regulation is required to address this. Singapore. Iarossi lamented the strongly negative image of the industry within the public arena. very infrequent, and sometimes very tragic casualty," he said. commercial aircraft. risk is three times that for merchant ships," he said. heard any uproar over airline safety? aircraft rate. Actual loss rates for vessels of all types of 100 gross tons or more have been halved in the past ten years to about two vessels per thousand per year. stressed. fleet. spilled from ships has declined by over 70 percent. industry notables. "Marine transportation is definitely not risk free. unsinkable ship. continuously striving to improve its performance. clear," he stated. on the industry's own trade press.