Facts + Statistics: Marine Accidents

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There were 26 large ships totally lost in 2023, a decline from 41 in 2022, according to latest data from Allianz. Safety & Shipping Review 2024 reports improvements in maritime safety have been significant over the past 10 years.

The region encompassing South China, Indochina, Indonesia and the Philippines had the largest number of shipping losses in 2023 with a total of 8. The region has ranked first in shipping losses over the past decade.

Global Shipping Losses By Number Of Vessels, 2014-2023 (1)

Year	Losses
2014	89
2015	105
2016	102
2017	95
2018	74
2019	71
2020	66
2021	60
2022	41
2023	26

(1) Total losses, vessels over 100 gross tons.

Source: Allianz Commercial, Safety and Shipping Review 2024. Copyright © 2024.

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Global Shipping Losses By Number Of Vessels By Region, 2014-2023 (1)

Region	2014-2023	2023
S. China, Indochina, Indonesia and Philippines	184	8
East Mediterranean and Black Sea	115	6
Japan, Korea and N. China	62	3
British Isles, N. Sea, Eng. Channel and Bay of Biscay	54	3
Arabian Gulf and approaches	38	0
West African Coast	26	0
West Mediterranean	29	0
Bay of Bengal	22	0
S. Atlantic and East Coast South America	23	1
West Indies	18	0
All other regions	158	5
Total world	729	26

(1) Total losses, vessels over 100 gross tons.

Source: Allianz Commercial, Safety and Shipping Review 2024. Copyright © 2024.

View Archived Tables