Page 15 - INTERCARGO - Bulk Carrier Casualty Report 2023

 Safety performance of bulk carriers

• The statistics from 2013 to 2022 suggest a clear trend of im-

provement in terms of the rolling 10-year average of ship losses.
As the trends illustrate below, the average number of ships lost
within the bulk carrier industry continues to go down, showing
positive signs of improvement in safety performance.

 A growing fleet

• These statistics and trends can also be set against a backdrop
of a significant growth in the global bulk carrier fleet 2013-2022.

• Industry figures show that the global bulk carrier fleet has seen

significant growth in the years since 2013. There were about10,400
bulk carriers operating in 2013. That figure had grown to about
11,600 by 2016 and by October 2022 the number of bulkers had

exceeded 13,100 vessels, according to Clarksons data.

Rolling ten-year trend of average number of ships lost

Average Number of ships lost

Period 1994-2022

Annual casualties compared with the global total number of
bulk carriers over 10000 dwt, as shown in the graph below,
have continued at a low level since 2018.

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