Structured and analytical risk management have direct effects on a company’s ability to build a competitive advantage. To support organizations with one complete solution for managing operational, project and enterprise risk DNV Software has now incorporated the risk management tool EasyRisk Manager with the Synergi Life risk and QHSE-management solution. It provides a real time snapshot of a company’s risk picture. The focus of organizations on risk management has increased due to extended governmental requirements, increased demands for transparency and sustainability and compliance towards standards. As structured and analytical risk management has direct effects both on profit, reputation and the environment, handling risk on a strategic and on an operational level is a key factor for building a competitive advantage. This web-based software ensures that risk managers can base their decisions on real time information. To provide one complete web-based solution that covers all risk and QHSE requirements the EasyRisk Manager-functionality is now incorporated into the Risk Management module in the Synergi Life application. EasyRisk Manager is therefore no longer continued as a separate brand. “Our risk management software – including software for process risk, occupational risk, qualitative and quantitative risk management – is now complemented with the leading tool for operational, project and enterprise risk management
William Pennella, vice chairman and executive vice president of Crowley Maritime Corporation, announced today that Dwight Menard has been promoted to vice president of risk management effective Dec. 1. Menard will be responsible for the company’s global insurance program; management of Beacon Insurance Company, Ltd; supporting the risk management and insurance requirements of Crowley’s four business lines; allocation of insurance cost and administration/management of the claim
Ridge Global, an international provider of security and risk management services, and iJET University, a provider of risk management training curricula and solutions, announced that the two companies will collaborate to offer instructor-led training for executives and decision makers with security responsibility. Specifically, iJET University will offer Ridge Global’s flagship corporate security and resiliency training courses to its broad base of international clients and members.
ABS Group will host an Offshore Wind Farm Projects Seminar on October 8 at ABS House, 1 Frying Pan Ally in London. ABS Group advisors who are involved in solving technical issues in offshore projects will share their experience regarding issues throughout the entire life cycle of a project. Participants will have the opportunity to discuss industry wide technical issues, particularly in structural engineering, asset integrity management and risk management with ABS Group experts during the
Petrobras’ Board of Directors approved at a meeting today (25 Nov.) the appointment of a director of Governance, Risk Management and Compliance, charged with ensuring process compliance and risk mitigation, including the risk of fraud and corruption, and therefore guaranteeing compliance with laws, norms, standards and regulations, including the rules of the Comissão de Valores Mobiliários (CVM - Brazilian Securities and Exchange Commission) and U.S
Levels of sound enterprise and business risk management are currently satisfactory in the shipping industry, a new survey from Moore Stephens has revealed. But the international accountant and shipping adviser warns that companies that fail to embed effective risk management procedures into their daily activities are likely to pay a high price in today’s tightly regulated and highly competitive industry.
The Port of Tacoma recently promoted Janet Quimby to Director of Contracts and Risk Management. In this position, she is responsible for all Port purchasing, risk management programs, safety programs, and oversight of all Port contracts, including construction and consulting contracts in support of Port capital programs. "Janet has demonstrated an exceptional ability to coordinate complex programs," said Jeff Lincoln, the Port's Director of Facilities Development.
Lloyd’s Register Group announced full year results for the year ended June 30, 2001. Lloyd’s Register reports that operating profit for the 12 months at $35 million, with a record income up 11 percent at $519.2 million, which return it to profitability six months ahead of target. With the business restructured, Lloyd Register’s non-core activities were successfully exited. David Moorhouse, Chairman of Lloyd’s Register
The North of England P&I club and Intercargo have published a second edition of their unique and popular guide on how shipowners should prepare for port-state control inspections. Port State Control - A Guide for Cargo Ships has been updated throughout and includes a comprehensive new chapter on the commercial implications of delays, detentions and banning orders. According to Tony Baker of the North of England's risk-management
The Bureau of Ocean Energy Management (BOEM) today issued an Advanced Notice of Proposed Rulemaking (ANPR) on Risk Management, Financial Assurance, and Loss Prevention to seek public input as it considers modernizing its risk management program and bonding regulations for offshore oil and gas operations on the Outer Continental Shelf. This first step initiates a dialogue about BOEM’s existing regulations
BMT Isis (BMT), a subsidiary of BMT Group Ltd, has announced that it will provide safety and environmental support for JFD’s five-year contract with the UK Ministry of Defence for the provision of the NATO Submarine Rescue System (NSRS).
Italy-based classification society RINA informs it has launched a ferry safety initiative. The Asset Integrity Management scheme for ro-pax ferries covers fire risk mitigation, single-failure risk assessment, enhanced planned maintenance and condition-based monitoring and also food
The plugging and abandonment (P&A) of offshore wells represents a significant cost to operating companies and national authorities. On the Norwegian Continental Shelf (NCS) alone, the cost is estimated to be USD108bn (NOK1870bn) over the next 40 years
Intensifying crackdown on corruption China’s National Audit Office released an audit report for state-run shipping conglomerate Cosco Group in which it has uncovered substantial financial irregularities. The report found that Cosco had falsely left out a sum of RMB298m ($48m)
About $100 million will be available to various port authorities, facility operators and state and local government agencies who have developed an Area Maritime Security Plan as part of the 2015 FEMA port security grant program. Eligibility Criteria is established pursuant to the Maritime
Be the Hammer, not the Nail when it comes to Maritime Cyber Security Maritime security professionals understand the value of a layered approach to risk management. Cyber security posture continues to develop as a critical component of a maritime security strategy
Risks faced by today’s global businesses represent a combination of traditional concerns and newer threats that reflect changing times. The 2015 Allianz Risk Barometer, a survey of more than 500 corporate insurance experts and risk managers from 47 countries
In October 2013, a fire blazed through Brazil’s Santos port, destroying six warehouses and the 180,000 tons of raw sugar inside Sugar Company Copersucar’s terminal. The fire hit all of the sugar giant’s warehouses at the port and left many exporters holding contracts for sugar
TT Club’s Phillip Emmanuel has put into perspective some of the “sensationalism” surrounding the recent growth trend in containerships. Speaking during a plenary session of the TOC Asia Conference in Singapore on Tuesday, he advised ports and terminals to take a measured approach
Reliable and robust methods of positioning are required for safe vessel operations in close proximity to offshore installations. Dynamic positioning (DP) is well-established as a primary method of vessel positioning in the diving, drilling, construction, accommodation and shuttle tanker sectors
Willard Marine, a manufacturer of aluminum and fiberglass commercial and military boats, will present at the High Speed Boat Operations (HSBO) Forum in Lisbon, Portugal from May 4-6. The HSBO Forum, gathers professionals from around the world to discuss new development, research
A single oil spill can release 30,000 tonnes of oil into the ocean if two vessels collide. In grounding the high weight can lead to oil disaster, in the Baltic Sea up to 120,000 tonnes. This estimate does not include the new giant tankers
The threat to maritime security from piracy, terrorism, criminal acts, and hostage and kidnapping threats continues to pose challenges to ships’ owners, masters and crew members, and has resulted in the International Marine Contractors Association (IMCA) (Booth S16 at OTC) publishing
International freight insurer TT Club convened a special seminar at the recent conference on transport and logistics, Trans Russia in Moscow. Lead by TT Club’s General Manager, EMEA, Kevin King and Kirill Berezov from the insurer’s long-established Russian network partner
2014 was the first full financial year of the DNV GL Group AS (DNV GL) following the merger between DNV and GL. “While both managing the ambitious merger and maintaining a full focus on providing premium service to our customers, we also increased our revenues by 10%