| Abstract: | The study examines 20-years of data on 36 world principal fleets and on worldfleets in general, analyses their developments, and particularly their safety records in terms of accidental total loss rates. This study confirms that the open-registry ships tend toward substandard ships. However, some open-registry countries' safety records are quite acceptable. It finds that the safety record of developing maritime countries as a group is better than that of developed maritime countries, of which some are worse than the world average. |
