Safety and shipping review 2020 : an annual review of trends and developments in shipping losses and safety

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      <subfield code="a">Given the global shipping industry is responsible for transporting as much as 90% of world trade, the safety of its vessels is critical. The sector saw the number of reported total shipping losses of over 100GT decline again during 2019 to 41  the lowest total this century and a close to 70% fall over 10 years. Improved ship design and technology, stepped-up regulation and risk management advances such as more robust safety management systems and procedures on vessels are some of the factors behind the long-term improvement in losses. Shipping losses declined by almost a quarter year-onyear from 53 in 2018, although late reported losses may increase the 2019 total further in future. Bad weather was reported as a factor in one in five losses. The 2019 loss year represents a significant improvement on the rolling 10-year average of 95  down by over 50%.</subfield>
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