The Overall View of the Effect of Inspections and Evaluation of the Target Factor to target substandard vessels

This report is the third part of a PhD project entitled "The Econometrics of Maritime Safety – Recommendations to Enhance Safety at Sea" which is based on 183,000 port state control inspections and 11,700 casualties from various data sources. Its overall objective is to provide recommendations to improve safety at sea. The second part looks into the differences across port state control regimes based on the probability of detention while the third part is measuring the effect of inspections on the probability of casualty which can be measured for very serious casualties but not for serious or less serious casualties. It further determines the magnitude of improvement areas for targeting substandard vessels and gives an evaluation of the target factor.