Positive Safety Trend in Dry Cargo Shipping Sector: INTERCARGO Report

A recent report by INTERCARGO shows a positive trend in safety improvements within the dry cargo shipping sector over the past decade. Despite a 20% increase in tonnage, there has been a notable decline in ship losses and fatalities. The annual Accident report of a bulk carrier monitors safety measures globally, with the latest report revealing a significant increase in the bulk carrier fleet, accounting for over 40% of global tonnage.

While there has been a decline in ship losses, concerns remain about cargo liquefaction and moisture-related failures contributing to fatalities. Grounding is identified as the leading cause of vessel losses, emphasizing the need for increased safety awareness and transparent disclosure of cargo characteristics. Continued safety improvements by operators, along with advancements in shipbuilding technology and international regulations, have played a crucial role in enhancing safety standards.

Chairman of INTERCARGO, Dimitris Fafalios, acknowledges the progress made in the industry’s safety performance but emphasizes the importance of staying vigilant. He highlights the significance of ongoing crew training, technological advancements, and regulatory compliance in maintaining the sector’s improved safety record. Fafalios stresses the industry’s responsibility in preventing any loss of life and calls for continued efforts to address the factors contributing to accidents in the shipping industry.

Source .