Page 39 - INTERCARGO - Annual Review 2023-2024

INTERCARGO ANNUAL REVIEW 2023-2024

INTERCARGO

fleet performance

& operational excellence

INTERCARGO, through its members, is dedicated to achiev- While the number of detentions for INTERCARGO vessels
ing operational excellence in safety, security, health, and en- has steadily increased, the percentage compared to non-
vironmental standards. The organization enforces a rigorous INTERCARGO fleets and global averages has continued to
entry policy that intentionally surpasses industry norms. decrease. This trend is largely due to the significant growth
In 2023, detention rates as a percentage declined for both in the number of INTERCARGO-registered vessels over the
the INTERCARGO fleet and the global fleet, including year. Deficiencies per inspection (DPI) have shown a slight
non-INTERCARGO vessels. increase across all industry segments.

Year INTERCARGO - entered fleet Non-INTERCARGO fleet Global bulk carrier fleet
detention rate as % detention rate as % detention rate %
2016 1.50 2.10 2
2017 1.20 2 1.80
2018 1.40 2 1.90
2019 1.20 2 1.80

2020 1.60 1.90 1.80
2021 1.80 1.50 2.40
2022 2 3 2.90

2023 1.50 2.60 2.30
Average 1.50 2.10 2.10

Year INTERCARGO-entered fleet DPI Non-INTERCARGO fleet DPI Global bulk carrier fleet
DPI

2016 1.27 1.85 1.73
2017 1.30 1.86 1.73

2018 1.23 1.82 1.69
2019 1.17 1.71 1.59

2020 1.11 1.60 1.52
2021 1.12 1.62 1.51

2022 1.18 1.60 1.52
2023 1.48 2.10 1.91
Average 1.23 1.77 1.65

Source: INTERCARGO Benchmarking Bulk Carriers, 2023-2024, 15th Edition

37