Amid current market turmoil, it is gratifying that a fundamental barometer of the state and health of the industry worldwide continues to show improvement.
The number of total ship losses fell to 85 in 2015, down from 88 a year earlier. At the lowest level for more than a decade, the number of losses have nearly halved since 2006.
Due credit for the improvement must go to higher standards of ships and the technology onboard, alongside the operational skills of crews and management, all driven by a better safety culture initiated by strong regulations.
However,
