SHARP INCREASES IN 1989 TONNAGE LOSSES

Salient points are summarized from the loss statistics for 1989 released by the Institute of London Underwriters. The same number of tankers (13) were lost as in 1988, but because they were generally larger, the tonnage lost more than doubled. Tankers and bulkers accounted for less than 20% of the losses by number of ships, but in terms of tonnage they represented nearly 60% of the losses. With the exception of 1987 and 1988, the number of losses was lower than at any time since 1974. The numbers and tonnage lost through collision and contact increased sharply from 9 to 24, accounting for nearly 15% of all losses. Fires and explosions caused slightly fewer total losses than in 1989.

Media Info

  • Pagination: 1 p.
  • Serial:
    • Fairplay
    • Volume: 309
    • Issue Number: No.5545
    • Publisher: Lloyd's Register-Fairplay
    • ISSN: 0307-0220

Subject/Index Terms

Filing Info

  • Accession Number: 00659297
  • Record Type: Publication
  • Source Agency: Maritime Technical Information Facility
  • Files: TRIS
  • Created Date: Jul 21 1994 12:00AM