An analysis of 40 ocean-going commercial vessel accidents is compared with the study of a similar number of high-speed crafts (HSCs) accidents, using in both cases a methodology that highlights the sequence of events leading to the accident and identifies the associated latent or causal factors. The main objective of this study was to identify and understand the difference in the pattern of causal factors associated with HSC accidents, as compared with the more traditional ocean-going ships. From the analysis one can see that the HSC accidents are mainly related to bridge personnel and operations, where the human element is the key factor identified as being responsible for the majority of the accidents. When compared with ocean-going commercial vessels, it is clear that navigational equipment and procedures have a larger preponderance in terms of the occurrence of accidents of HSC and particular attention should be given to these issues.