An Analysis of Yacht-Related Incidents in Mediterranean Region


Paker S., Zorba Y.

Global Maritime Congress GMC24, İstanbul, Turkey, 20 - 21 May 2024, pp.12-14

  • Publication Type: Conference Paper / Summary Text
  • City: İstanbul
  • Country: Turkey
  • Page Numbers: pp.12-14
  • Dokuz Eylül University Affiliated: Yes

Abstract

An Analysis of  Yacht-Related Incidents in Mediterranean Region

Keywords: Maritime Safety, Marine Tourism, Yachting, Maritime Accidents

This study investigates maritime incidents involving yachts in the Mediterranean region, addressing a notable gap in existing literature concerning the specific needs and risks associated with this type of vessel, which has received less attention from maritime academics.

Methodology: This study sourced its data from S&P Global Inc., an American publicly traded corporation recognized for its expertise in financial information and analytics, to acquire all incidents reported over the previous ten years, specifically focusing on the Mediterranean region. The choice of S&P Global Inc. as the primary data source was motivated by its comprehensive coverage and authoritative standing in the field. The reports are analyzed thoroughly and visual presentations are created to picture the yacht related incidents nature.

Results: This study analyzed 65 maritime incidents within the Mediterranean region reported by S&P Global over the past decade (2013-2023). Notably, 31 incidents (48%) were classified as "serious" by S&P, defined as "vessels incurring significant damage and/or withdrawn from service" and 13 of these resulted in Total Loss. Among these serious incidents, fire and explosion emerged as the most frequent cause (13 incidents), followed by hull/machinery damage (12). Some fire incidents resulted in hull or machinery damage rendering the incident serious. The incidents are reported from nine different Mediterranean countries mostly from Greece (22), Spain (16) and Italy (12).

Conclusion: This exploratory research provides a comprehensive decade-long overview of yacht incidents, in terms of location, incident type, seriousness level and occurrences of total loss and it creates opportunities for future studies to go farther into these aspects and beyond.

Figure 1. Total loss per incident types

 

Figure 2. Total loss locations

Figure 3. Seriousness level per incident type