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.
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.
