Bulk Carrier Safety Shows Long-Term Improvement, But Risks Remain Complex
Bulk carrier safety has continued to show steady long-term improvement, according to INTERCARGO’s Bulk Carrier Casualty Report 2026. The report covers the ten-year period from 2016 to 2025 and reveals that despite significant expansion of the global bulk carrier fleet, the number of annual losses has fallen consistently throughout the period.
Fewer Losses, But Persistent Risks Remain
Over the past decade, the global bulk carrier fleet grew from around 10,400 vessels in 2013 to 13,669 by December 2025. However, despite this expansion, the rolling ten-year average of annual losses has fallen consistently throughout the period. According to the report, 17 bulk carriers of 10,000 dwt or above were lost, representing 1.63 million dwt in total, with 71 seafarer lives lost.
Traditional Accidents Declining, But Emerging Risks Persist
The findings also underline that while traditional accidents are declining, persistent and emerging risks remain, requiring continued vigilance and collaboration across the sector. Cargo liquefaction remains the leading cause of loss of life, accounting for 37 fatalities (over 50% of the total). Groundings remain the primary cause of vessel losses, responsible for 41.1% of cases.
Practical Implementation of Safety Frameworks Key
The report emphasizes the importance of practical implementation of existing safety frameworks, particularly the IMSBC Code. INTERCARGO and its members continue to work closely with stakeholders to strengthen cargo declaration and testing procedures, enforcement by flag and port States, training for ship and shore personnel, and transparency and timeliness of casualty investigations.
Broader Risk Environment for Seafarers
In parallel with operational safety, the report acknowledges the increasing complexity of the global operating environment. Between 2024 and 2025, five bulk carrier casualties in the Red Sea and Gulf of Aden were linked to missile, drone, and uncrewed vessel attacks, resulting in fatalities and injuries.
Industry Priorities
INTERCARGO reiterates its strong support for the principle of freedom of navigation and the need to protect seafarers working in high-risk regions. The industry has been reminded once again of the human cost of cargo risk, with the recent loss of the MV Devon Bay while carrying nickel ore, resulting in two seafarer lives lost and four remaining missing.
Industry Response
Commenting on the report, John Xylas, Chairman of INTERCARGO, said, “The steady reduction in bulk carrier losses over the past decades reflects the industry’s continuous efforts to improve safety. Behind these numbers are real lives, and every incident reinforces the importance of learning and acting together.”
Original Article: 71 Seafarers Killed And 17 Bulk Carriers Lost In 10 Years, INTERCARGO Report Reveals — Marineinsight