Page 15 - INTERCARGO - Bulk Carrier Casualty Report 2024
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Safety performance of bulk carriers
ANALYSIS • The statistics from 2014 to 2023 suggest a clear trend of
improvement in terms of the rolling 10-year average of ship
OF TOTAL LOSSES losses. As the trends illustrate below, the average number of
FROM 2014 TO 2023 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 2014-2023.
• Industry figures show that the global bulk carrier fleet has
seen significant growth in the years since 2013. About 10,400
bulk carriers were operating in 2013. That figure had grown to
12,226, according to the MIS data, by January 2024.
Rolling ten-year trend of average annual number of ships lost
Average Number of ships lost
1994-2003 1995-2004 1996-2005 1997-2006 1998-2007 1999-2008 2000-2009 2001-2010 2002-2011 2003-2012 2005-2015 2007-2016 2008-2017 2009-2018 2010-2019 2011-2020 2012-2021 2013-2022 2014-2023
Period 1994-2023
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