This year's Annual Review reports strong financial results, continued strategic progress and enhanced support for shipowners operating in an increasingly complex and uncertain global environment.
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New research from ShipIn Systems and NorthStandard shows that vessel-based risk is not only concentrated among a smaller proportion of vessels, but can also be identified through measurable operational patterns, giving ship and shore teams the opportunity to intervene earlier, focus support where it is most needed and prevent emerging issues from becoming incidents.
Maritime risk is not evenly distributed across fleets. New research from ShipIn Systems and NorthStandard finds that a relatively small group of vessels accounts for the majority of accidents, and that the operational patterns behind that risk are often visible well before an incident occurs.
The Maritime Risk Report 2026, combining Lloyd’s List Intelligence SeaSearcher casualty data with operational analysis from ShipIn’s FleetVision™ platform, found that 29% of vessels accounted for nearly 70% of reported accidents. The finding challenges uniform approaches to fleet safety and points to a more targeted model: identify where risk is concentrating and direct attention there first.
The warning signs are measurable. Vessels with FleetVision scores below 75 recorded accident rates 5.7 times higher than vessels scoring above 85. Lower-performing vessels also generated significantly more recurring deviations across bridge operations, deck safety, mooring activity and PPE compliance, showing that everyday operating patterns can provide early indicators of elevated accident risk.
“Safety is still too often measured after the fact,” said Osher Perry, Founder and CEO of ShipIn Systems. “What this research shows is that risk is visible much earlier, embedded in everyday operations. When operators can see where those patterns are developing and which vessels they are concentrated on, they can act before they become incidents.”
The report also shows that those patterns can change. Across a separate cohort of 250 vessels monitored continuously for 12 months, average operational deviations fell from approximately 230 per vessel per month to eight, a 96% reduction. Improvements were sustained across bridge, deck safety and PPE activity.
The implication for fleet managers is direct. If risk is concentrated, safety attention should be concentrated too. Continuous operational insight allows shore teams to identify which vessels need support, focus intervention on recurring behaviours and measure whether conditions improve over time.
“The industry does not lack operational data. The challenge is turning that information into timely, practical action,” said Colin Gillespie, Global Head of Loss Prevention at NorthStandard. “Our goal is to help our members identify and address risk earlier. When ship and shore teams can see the same evidence, they can address emerging risk together and reinforce a proactive safety culture across the fleet.”
The findings point to a more proactive model for maritime safety: identify where risk is building, make the underlying operating patterns visible, and intervene before those patterns become accidents or losses.
The Maritime Risk Report 2026 is available at: https://ship-insights.com/northstandard-report
The report draws on Lloyd’s List Intelligence SeaSearcher casualty data covering approximately 600+ managed vessels, alongside operational data from ShipIn’s FleetVision™ platform. A separate cohort of 250 vessels was tracked continuously over a 12-month period to assess changes in operational deviations over time.
FleetVision scores vessels from 0 to 100 based on operational indicators across bridge, deck, technical and safety activities. For the report analysis, vessels were grouped into three performance bands: below 75, 75–84, and 85 or above.
ShipIn Systems provides AI-powered operational intelligence for the maritime industry, supporting fleet-wide safety, consistency, and performance. Its FleetVision™ platform uses AI and computer vision to analyze onboard video, delivering continuous visibility into safety-critical activities and equipment conditions to support proactive risk management, operational benchmarking, and alignment between ship and shore teams across global fleets.
NorthStandard is one of the leading providers of global marine insurance products and services across the maritime industries. Established through the merger of North P&I Club and the Standard Club in February 2023 and ‘A’ rated by S&P Global, NorthStandard has a premium income around US$800M and provides cover for over 365 million GT of owned and chartered tonnage.
From headquarters in the UK and with offices throughout Europe, Asia and the Americas, NorthStandard offers a unique blend of worldwide presence and class-leading expertise across multiple specialist areas, including P&I, FD&D, War Risks, Strike & Delay, Hull and Machinery and ancillary insurance. Its Sunderland Marine and Coastal & Inland divisions also provide cover for owners’ fixed premium P&I, fishing vessels, inland waterway and coastal trading vessels and aquaculture. NorthStandard’s comprehensive local market and sector knowledge is underpinned by continuous investments in market-leading digital technologies.
NorthStandard is a leading member of the International Group of P&I Clubs (IG) and is fully committed to upholding the shared objectives of its 12 independent member clubs, which provide liability cover for approximately 90% of the world’s ocean-going tonnage.
Find out more: www.north-standard.com
