Shipping is a dangerous profession.
Safety and security are keys points. You must make sure that your crew has received a high level of safe instructions and your ship has no failure before going.
However, all these measures cost a lot of money. According to a leading classification society report, some owners are skimping on maintenance budgets.
Delaying such work is somehow understandable in this period of credit crunch, but it means endangering the life of your crew. If no effort is made on ships’ maintenance, the shipping industry as a whole will stand condemned.