2022 Half-year hull trend report

Contents:

  • Vessels activity back to pre-Covid levels in most segments including cruise but claims frequency and cost not yet catching up equally.
  • Claims frequency: Slight upward trend after extraordinary dip in 2020 but still at moderate level. 
  • Total loss frequency: continues to stay at a very low level.
  • Major claims: moderate in the first half year of 2022. Four losses in the USD 10-30 million range were reported in the first half year of 2022, none exceeding USD 30 million.    
  • Claim cost per vessel: still moderate despite concerns about inflation of steel and other costs which may impact repair costs.   
  • Vessel values: Vessel values show again strong increase in 2022 first half year renewals. Most of the increase driven by container vessels which show about 30% increase for the second year in a row. On the downside supply/offshore vessel values continued to decrease also into 2022 but oil price rallying may change outlook for that segment.        

Download the complete report as pdf here.