Allianz’s annual casualty review puts the number of ships totally lost in 2014 at 75, some 32% below the previous year.
The 75 total losses of 2014 compare to 110 the previous year, 121 in 2012 and 91 in 2011 and well down on the most recent peak of 170 in 2007.
Allianz says only 25 cargo vessels became total losses in 2014, so they account for only one-third of the total.
