Commercial Accidents-an assessment of four leading tanker companies

  • Torkel Soma


This study first demonstrates how the market conditions influence on the accident frequency of four of the world’s largest tanker companies. It is demonstrated that the accident frequency increases with a factor of three when the freight rates turn from a positive to a negative development. This difference is significant, but far lower than what was found within the passenger ship market.


Large Shareholder Freight Rate Fleet Size Classification Society Accident Risk 
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Copyright information

© Springer-Verlag London 2004

Authors and Affiliations

  • Torkel Soma
    • 1
  1. 1.Department of Marine TechnologyNorwegian University of Science and TechnologyTrondheimNorway

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