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The number of large ships lost worldwide reached a record low in 2022, according to Allianz Global Corporate & Specialty SE (AGCS) Safety & Shipping Review 2023. However, despite this positive trend, the shipping industry faces new safety challenges, including a rise in fires, the growth of a shadow tanker fleet, and economic uncertainty.

The report reveals that 38 large ships were lost last year, down by over a third from the previous year and the lowest total in the report’s history. However, despite this positive trend, the shipping industry faces new safety challenges, including a rise in fires, the growth of a shadow tanker fleet, and economic uncertainty.

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