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marine casualties, with a decreasing trend observed over the period. In 2023, 89.7% of the victims were crew members whereas the average of fatalities of crew members for the period 2014 to 2023 was 86.9%.
From 2014 to 2023, there were a total of 7,604 injuries resulting from 6,623 marine casualties and incidents. The average number of injuries per year during this period was 760, with a minimum of 606 injuries reported in 2020. In 2023, 85.2% of the injured were crew members while the proportion of injured crew members over the entire period from 2014 to 2023 was 84.5%.
Safety investigation reports:
From the analysis conducted in safety investigations, it was determined that, from 2014 to 2023, 58.4% of accident events were linked to human action and 49.8% of the contributing factors were related to human behaviour. When considering both human action events and human behaviour contributing factors together, human element relates to 80.1% of the investigated marine casualties and incidents. These trends are common for all ship types.
Safety recommendations:
Over the period from 2014 to 2023, the total number of safety r ecommendations issued, and actions taken reported was 2,691 and 44.8% of them were dealing with ship related procedures.
Download the 2024 annual review at
https://bit.ly/4fnb5F7.
Poseidon Principles: Annual Disclosure Report 2024
Continued growth of climate transparency from financial institutions show that the global finance portfolio for shipping has moved closer to alignment with ambitious decarbonisation trajectories set by the International Maritime Organization (IMO), aiming to remove emissions from international shipping by 2050.
The latest insights are revealed in The Poseidon Principles’ fifth Annual Disclosure Report, which showcases the climate alignment of 35 major financial institutions across 14 countries, representing nearly 80%
of the global ship finance portfolio. The Poseidon Principles are a global framework for financial institutions to assess and disclose the climate alignment of their shipping portfolios, aiming to promote decarbonisation in the maritime industry.
The report, which also marks the fifth anniversary of the Poseidon Principles, highlights the progress achieved since its launch in 2019, when it became the world’s first sector-specific framework for measuring and reporting climate alignment in shipping finance. What began as a conversation in 2017 and was introduced as a concept under development at the first Global Maritime Forum Annual Summit in Hong Kong in 2018 has since evolved into a model for industry-specific, transparent climate disclosure in shipping.
Key findings from the 2024 Annual Disclosure Report include:
- Transparency on the rise: An average of 93.3% of signatories’ portfolio activity was reported, with all signatories reporting ship emissions data from at least 70% of their portfolio, 28 signatories achieving a reporting rate of 90% or above, and eight achieving 100%.
- Climate alignment performance: The average climate alignment scores showed a noticeable progression from last year, with portfolios’ alignment to the IMO’s “minimum” and “striving” decarbonisation trajectories improving.
- Increased collaboration: Collaboration and engagement are increasing between financial institutions and their shipping clients, demonstrating the initiative’s pivotal role in guiding the industry toward achieving net zero emissions by 2050 in line with the 2023 IMO Greenhouse Gas Strategy.
52 | ISSUE 111 | MAR 2025 | THE REPORT
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