Page 60: of Maritime Logistics Professional Magazine (Q1 2013)

StatsSTATISTICS Shipping Losses & RiskSAllianz Global Corporate & Specialty?s Safety and Shipping Review 2013 focuses on key developments in maritime safety during 2012, and analyzes reported shipping losses (of over 100 gross tons) during the 12 months prior to 25 No- vember 2012. The recently released statistics and analysis are an eye opener for any stakeholder and the annual review also examines trends and developments affecting shipping safety, future challenges to safety and looking ahead; some topics to watch. Allianz identi es 106 ship losses in the 12 months to November 25 2012 ? up from 91 ships the previous year, but a 27% decrease on the ten year average of 146 ships per annum. Despite this long term downward trend, Allianz says that human error remains the core challenge. Twice as many shipping accidents centered on the seas around South China, Indo China, Indonesia and the Philippines. Shipping losses also occurred more often in the East Mediterranean and the Black Sea or around Japan, Korea and North China (10 losses). Foundering (sinking or submerging) was the most common cause of losses in the past year (49%) followed by wrecking or running aground. Collisions accounted for a relatively small number of losses (6%).60 | Maritime Professional | 1Q 2013MP #4 50-63.indd 60MP #4 50-63.indd 602/25/2013 9:54:49 AM2/25/2013 9:54:49 AM