Intercargo’s latest accident report highlights a decade of improved safety for bulk carriers, though new security threats in the Red Sea region pose ongoing challenges. Between 2015 and 2024, there were 20 significant losses in bulk carriers (over 10,000 DWT), resulting in 89 casualties. Basic operational failures were responsible for 45% of these losses, while liquid cargo incidents accounted for over 60% of fatalities.
Notably, in 2024, three bulk carriers—Rubymar, True Trust, and Tutor—were attacked in the Red Sea using rockets and drones, leading to four deaths. This alarming trend underscores worsening maritime security conditions, emphasizing the need for enhanced safety beyond mere compliance with regulations.
While the bulk sector showcases improved safety owing to better ship designs, crew training, and stricter regulations, challenges persist. Issues like misdeclared cargo and navigation errors remain prevalent. Furthermore, delayed reporting of accidents by flag states, averaging over two years, hampers timely safety improvements.
Intercargo, with over 12,500 bulk carriers operating globally, remains committed to achieving zero fatalities and losses, collaborating with industry stakeholders to enhance safety in high-risk areas.
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