The maritime industry has made strides in safety, yet faces increasingly complex challenges, according to Allianz Commercial’s Safety and Shipping Review 2026. While global shipping losses are at historic lows, factors such as geopolitical tensions, cybercrime, and aging fleets are reshaping risk. Approximately 90% of global trade relies on maritime transport, emphasizing the critical need for safety and reliability.
In 2025, reported shipping incidents involving vessels over 100 GT fell to 2,818—a 16% decrease from 2024. However, machinery damage remains the leading operational risk, accounting for over half of all incidents. Fires and explosions, although slightly reduced, continue to pose significant threats, particularly due to lithium-ion batteries and misdeclared cargo.
The review highlights that the average age of the global fleet is now 23 years, raising safety concerns as older vessels are involved in more incidents. Additionally, crew abandonment has surged, with over 6,000 cases reported in 2025. As the industry transitions to alternative fuels, regulatory frameworks are lagging, creating uncertainty for shipowners.
In summary, while vessel losses are declining, the maritime sector must navigate a broader risk landscape that includes geopolitical conflicts and technological challenges. The focus is shifting toward resilience in an increasingly volatile environment.
Share it now
