Facts + Statistics: Marine Accidents

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There were 27 large ships totally lost in 2024, a decline from 35 in 2023, according to latest data from Allianz. Safety & Shipping Review 2025 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 from 2015 through 2024 with a total of 169.

Global Shipping Losses By Number Of Vessels, 2015-2024 (1)

Year	Losses
2015	105
2016	103
2017	94
2018	74
2019	72
2020	67
2021	62
2022	42
2023	35
2024	27

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

Source: Allianz Commercial, Safety and Shipping Review 2025. Copyright © 2025.

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Global Shipping Losses By Number Of Vessels By Region, 2015-2024 (1)

Region	2015-2024	2024
S. China, Indochina, Indonesia and Philippines	169	4
East Mediterranean and Black Sea	109	4
British Isles, N. Sea, Eng. Channel and Bay of Biscay	53	4
Japan, Korea and N. China	53	0
Arabian Gulf and approaches	37	1
West Mediterranean	28	0
West African Coast	24	0
Bay of Bengal	22	2
S. Atlantic and East Coast South America	22	2
West Indies	16	0
All other regions	148	10
Total world	681	27

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

Source: Allianz Commercial, Safety and Shipping Review 2025. Copyright © 2025.

View Archived Tables