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I see that the voyage we are about to take will be with injury and much loss

"if we travel now, we will suffer much injury and loss"

we are about to take ... our lives

Paul includes himself and his hearers, so this is inclusive. (See: rc://en/ta/man/translate/figs-inclusive)

loss, not only of the cargo and the ship, but also of our lives

Here "loss" means destruction when referring to things and death when referring to people.

not only of the cargo and the ship

Cargo is something that a person transports from one place to another by boat. AT: "not only the ship and the goods on the ship"