The global economic crisis is affecting shipping safety performance warns DNV director Bjorn Tore Markussen in Singapore. “More needs to be done on safety training to combat this trend.
‘” Speaking at the Singapore Maritime Week event, Mr Markussen, who heads DNV Maritime Solutions in Singapore, told the conference audience that over the past six years there has been an increasing incidence of serious navigational accidents in several shipping segments. With more lines switching to “cost-cutting culture,” Mr Markussen is worried about the global economic crisis and the impact it will have on safety performance. “Our research shows that losses from navigational accidents are continuing to increase in frequency and costs, a trend that is also confirmed by the insurance industry which describes 2008 as a ‘black year,’ says Mr Markussen.