In 2012, two high profile maritime incidents pushed shipping safety into the public eye once more with the loss of the Costa Concordia off Italy in January followed in February by that of the Rabaul Queen ferry, off Papua New Guinea. Both events caused a tragic loss of life. However, while these incidents have dominated public ship safety discussions, statistics reveal that reported total losse…
Safety of international shipping vessels is critical to the global economy. More than 90% of trade is estimated to be transported by sea. The maritime industry continued to improve its safety record in 2014 with 75 total losses reported worldwide; the lowest in 10 years. Losses declined by 32% compared with 2013 (110). The 2014 accident year also represents a significant improvement on the 10-y…