Page 11 - INTERCARGO - Bulk Carrier Casualty Report 2025
P. 11
Safety performance of bulk carriers
Analysis of data from 2015 to 2024 demonstrates a consistent decline in
the rolling 10-year average of vessel casualties. This downward trend in
bulk carrier losses indicates sustained improvement in maritime safety
performance.
A growing fleet
*There have been marked improvements in the number
of bulk carrier total losses since 2017.
These statistics and trends can also be set against a backdrop of a
significant growth in the global bulk carrier fleet 2015-2024.
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 12,544, according to the MIS data, by
December 2024.
Rolling ten-year trend of average annual number of ships lost
12
10
Average Annual Number of ships lost 6
8
4
2
0
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 2015-2024
TEN YEAR PERIOD
11
