risk assessment

Hurricanes posing future challenges for yacht market

Harvey and Irma, two of the three powerful hurricanes which hit the Caribbean and southern US in 2017 along with Maria, resulted in damage of approximately 63,000 boats in the US alone, at a cost of an estimated $655 million, providing a clear reminder that traditional maritime risks should not be overlooked.

“What is our risk appetite?”

Nikos Kefalas, HSSE/QA Manager at LNG Shipmanagement provides his thoughts in risk assessment processes. Mr. Kefalas tries to identify how much risk a company can tolerate, saying that this process is complicated and dynamic, as different operation parameters, have to be taken into account.

Conflict and piracy threat remain in East Africa and Indian Ocean

Regional conflict and piracy threats continue to pose potential risks to commercial vessels operating in the Red Sea, Gulf of Aden, Arabian Sea, Gulf of Oman, and Indian Ocean, warned the US MARAD. US flagged commercial vessels are advised to avoid entering or loitering near Yemen’s Red Sea ports.

Japanese partners study automatic collision avoidance

A Japanese research partnership, comprising Japanese shipping company MOL, MOL Techno-Trade, National Institute of Maritime, Port and Aviation Technology, and Tokyo University of Marine Science and Technology (TUMSAT), aims at developing an advanced navigation support system. 

CV24 yacht was not safely manned, says UK MAIB

On 31 October 2017, the UK registered and commercially operated yacht ‘CV24’ ran aground on Cape Peninsula, South Africa. CV24 was abandoned and the crew was rescued uninjured. There was no pollution and the wreck was subsequently disposed of locally. UK MAIB issued an investigation report on the incident.

Transportation sector shows high natural capital risk exposure, Allianz says

Businesses’ failure to manage the earth’s natural resources or “natural capital” has consequences that extend beyond environmental effects. A new report by Allianz Global Corporate & Specialty has categorized the transportation sector into the ‘danger zone’ in terms of natural capital risk exposure.

New agreement eyes risk management products for autonomous ships

Rolls-Royce and French insurer AXA Corporate Solutions have signed a Letter of Intent to explore ways to bring a new offering to the marine market, utilising Rolls-Royce Ship Intelligence systems and equipment and AXA’s risk analytics capabilities. The products will be addressed to current sailing and future autonomous vessels.

Miscommunication the cause of ‘Azamara Quest’ contact with rock

On 27 January 2016, the Maltese-flagged passenger ship ‘Azamara Quest’ was en route to the port of Picton in New Zealand’s Marlborough Sounds, with 652 passengers and 394 crew onboard, when it hit a rock, causing hull damage. The TAIC issued a report on the accident, highlighting miscommunication issues of the bridge team.

Lessons Learned: 600kg FIBC bag injures employee, company fined

The UK Health & Safety Executive have prosecuted Associated British Ports, accusing them for safety violations after a flexible intermediate bulk container, weighing 600kg fell and hit an employee. The company did not follow their own risk assessments, pleaded guilty and have been fined £666,000 and ordered to pay costs of £8688.23.

Poll

Is the shipping industry able to move away from the traditional operational model?

maritime events

Alerts Casualties Loss Prevention Maritime Health Regulation Safety Seafarers Security
safety actions
Safety actions not enough if taken in the wrong order
ferry and container ship collision
Oil washed at French Riviera after ferry and container ship collision
east port said
Egypt reduces fees for ships arriving at East Port Said
Arctic Ballast Emissions Fuels Green Shipping Pollution Ship Recycling Technology
crude oil imports
Crude oil imports lead the changing US energy trade
glacial engineering
Glacial engineering could limit sea-level rise, but emissions remain critical
ghg emissions
GHG emissions in US reduced by 2.7%
Connectivity Cyber Security E-navigation Energy Efficiency Maritime Software Smart
stm validation
Tallinn becomes new shore centre for STM Validation Project
port of riga
Port of Riga signs agreement for better use of digital solutions
data assurance
IACS: Data assurance of computer-based systems onboard
CIC Detentions Fines PSC Focus Vetting
ships detained in UK
Foreign-flagged ships detained in UK during September
smuggling
Smuggling and ship detentions
houthi holding ships
Houthi militia holding 10 vessels in Port of Hodeidah
CSR Shipping Sustainability Women in shipping
female captain
BW LNG announces first woman Captain onboard LNG carrier
sustainable shipping companies
Italy proposes tax ease for sustainable shipping companies
women in ports
IAPH Women’s Forum: Pushing the agenda for women in ports
Finance Fishery Infographic Maritime Knowledge Offshore Ports Reports Shipbuilding Short Sea Yachting
port of savannah
Port of Savannah’s container trade up by 12%
port of vancouver
Port of Vancouver announces end of cruise season
offshore wind
US focuses on offshore wind with three key projects
sulphur cap
ODME bypass criminal prosecutions: cause for concern or more of the same?
safety in shipping
Steps to creating safety
us navy develops ship coating
Jotun: Key considerations when choosing antifouling coatings
smuggling
Smuggling and ship detentions