Safety and shipping review 2021 : an annual review of trends and developments in shipping losses and safety

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      <subfield code="a">The international shipping industry is responsible for the carriage of around 90% of world trade so the safety of vessels is critical. The sector continued its long-term positive safety trend through 2020 with the number of reported total losses of over 100GT remaining stable at 49 compared with 48 a year earlier. This means annual shipping losses have halved over the past decade (2011 - 98), although 2020 represented the first time in five years that losses have not declined, suggesting the loss total could be stabilizing around the minimum achievable level. The 2020 loss year represents a significant improvement on the rolling 10-year loss average (88), reflecting the positive effect of an increased focus on safety measures over time, such as regulation, improved ship design and technology, and risk management advances.</subfield>
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