Tag: risk assessment

Oxygen-depleting cargoes and materials onboard ships refer to substances that can consume or displace oxygen within confined spaces like cargo holds, leading to hazardous conditions for crew members.

According to Britannia Club, the growing scale and complexity of marine transportation necessitate a proactive and multi-faceted approach to risk management. While professional expertise, experience, and regulatory frameworks provide valuable advantages, they cannot anticipate all potential risks.

The International Maritime Organization (IMO) is launching an e-learning platform on ballast water management in international shipping.

AMSA and the Department of Agriculture, Fisheries and Forestry (DAFF) are conducting a trial to understand the options for recycling ships' waste from international ships visiting Australian ports. 

Valenciaport highlights that has detected many risks in the imminent implementation of the European environmental tax – Emissions Trading System (ETS), which will be applied gradually from this year until its full implementation in 2026.

A recent analysis of Gard P&I Club claims data illustrates the correlation between vessel behaviour and the likelihood of accidents.

Cyber security has been a major challenge for shipping in the past years. Growing connectivity networks and digitalization efforts modernize shipping but also pose a serious threat to its integrity when targeted by malicious attacks.

Allianz Safety and Shipping Review report highlights that fire is the second top cause of loss over the past year with 8 vessels lost and more than 200 incidents reported – the highest for a decade.

Edward X. McNamara, President & CEO of Armada Risk Partners, a Cleveland-based insurance broker, notes that, in the post-covid era, the insurance industry is more complex and risk averse than ever. Armada insures ports worldwide from an increasing number of risks such as extreme weather, ship collisions with port infrastructure and cyber attack.

Burning and welding are among activities most likely to produce fire on board. Many fire incidents have resulted from the ignition of combustible materials or the ignition of structures or debris near the hot work area. However, these activities can be performed safely, if proper precautions are taken both before and during such work.