49 Large Ships Lost Worldwide Last Year, Yet Shipping Losses Remain At Historic Lows: Allianz

total losses by year 50% drop over a decade

The international shipping industry continued its long-term positive safety trend over the past year but has to master Covid challenges, apply the learnings from the Ever Given Suez Canal incident and prepare for cyber and climate change challenges ahead. The number of large vessels lost remained at record low levels in 2020, while reported incidents declined year on year, according to marine insurer Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2021.

“The shipping...


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