GITNUX MARKETDATA REPORT 2024

Cruise Ship Sinking Frequency Statistics

Cruise ship sinkings are rare events, with a low frequency of occurrence compared to the total number of cruises taking place globally.

In this post, we examine the frequency of cruise ship sinkings and maritime accidents based on a comprehensive set of statistics. From the number of incidents to the chances of fatalities, we delve into the data to provide a clear picture of the risks associated with cruise ship travel.

Statistic 1

"Since the 2000, there have been over 100 incidents of passenger ships (including ferries and cruise liners) totally lost or declared as constructive total losses."

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Statistic 2

"The Vanuatu-flagged MV "Butiraoi", a 17.5-meter wooden catamaran, is the biggest loss of life, listed SHIPS on the total loss, with 95 people reported missing, presumed dead."

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Statistic 3

"Despite sensational media coverage, the incidence of cruise ship sinkings is relatively low, with just four significant incidents in the last 30 years."

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Statistic 4

"Since 1980, around 16 major cruise ship sinkings have been reported."

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Statistic 5

"From 2005 to 2011, 16 cruise ships have run aground, leading to some sinking."

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Statistic 6

"Worldwide, only 16 large passenger vessels (defined as carrying 100 or more persons) have sunk from 1980 to 2012."

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Statistic 7

"The sinking of the MV Sewol in 2014 is the deadliest recent ferry disaster, resulting in more than 300 fatalities"

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Statistic 8

"Only about one out of every 1.6 million cruise passengers has been involved in a “marine casualty,” and even fewer in a serious incident."

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Statistic 9

"90% of total losses and casualties in maritime accidents over the last 15 years have been in the passenger ferry sector."

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Statistic 10

"The chances of dying on a cruise ship are estimated to be 1 in 6.25 million."

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Statistic 11

"In the five years between 2005 and 2010, around 16 people died in accidents relating to cruise ship safety."

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Statistic 12

"Fatalities on cruise ships are quite rare with the chance of dying estimated to be just 0.08 deaths per billion passenger miles."

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Statistic 13

"The chance of a vessel like a cruise ship capsizing is 1 in 10 million."

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Statistic 14

"From 1980 to 2012, about 60% of the cruise ships that sank were built before 1980."

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Statistic 15

"In 2011, the number of safety incidents (including fires, hull breaches, and persons going overboard) reached 102 onboard passenger ships around the world."

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Statistic 16

"Globally, 15 cruise ships have been lost since 1984."

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Statistic 17

"Between 1960-2011, the likelihood of a collision, grounding or fire incident on a passenger ship stood at 88; however, only 3 incidents resulted in the ship sinking."

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Statistic 18

"Between 1980 to 2019, cruise ships operating in Europe have a loss rate of just 0.01 per year per 100 vessels."

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Statistic 19

"In the same period (1980 to 2019), there was just one sinking of a cruise ship in Europe."

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In conclusion, the statistics presented highlight that while there have been several incidents of passenger ships being lost or declared as total losses, the actual frequency of cruise ship sinkings is relatively low. Fatalities and major accidents on cruise ships are rare, with the chance of being involved in a serious incident being very slim. The vast majority of total losses and casualties occur in the passenger ferry sector, rather than on large cruise liners. Furthermore, the data indicates that cruise ships have a relatively low risk of sinking or being involved in fatal accidents compared to other forms of transportation.

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