Vessel Incident Data
Vessel incident data is one of the oldest datasets available within the maritime domain. Its origins can be found with Edward Lloyd’s list of vessels in 1692 who’s namesakes: Lloyd’s List, Lloyd’s of London and Lloyd’s Register remain industry powerhouses to this day.
In recent times, this data has thankfully been substantially modernised and forms the backbone to a huge number of risk analysis methodologies for vessels and fleets through; insurance, P&I, chartering, vetting and many more use cases.
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Vessel incident data is one of the oldest datasets available within the maritime domain. Its origins can be found with Edward Lloyd’s list of vessels in 1692 who’s namesakes: Lloyd’s List, Lloyd’s of London and Lloyd’s Register remain industry powerhouses to this day.
In recent times, this data has thankfully been substantially modernised and forms the backbone to a huge number of risk analysis methodologies for vessels and fleets through; insurance, P&I, chartering, vetting and many more use cases.
Vessel Incidents can be split into four main categories:
Casualty Data
Vessel Inspections & Detentions
Seizures and Arrests
Benefits
Incident data provides context on both the vessel and the owner(s) when assessing risk. Higher than average casualty numbers can indicate a higher risk profile and vice versa.
Proactive response to incident data can help prevent more significant issues in the future.
Drawbacks
These datasets rely on appropriate authorities and reporting mechanisms being informed of an incident. It’s not uncommon for casualties to go unreported if issues can be resolved with a personal network.
Port State Control data is split across a number of bodies (Memorandums of understanding – or MOUs). In order to get a complete dataset, suppliers or users must bring all of these together.