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Risk Management

DNV Launches Risk Management Software

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


Crowley’s Menard Promoted to VP of 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 Teams Up with iJET for Security Training

Tom Ridge, President and CEO of Ridge Global

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 to Host Offshore Wind Seminar

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 to Appoint Director

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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


Failure to Manage Risk Posing Larger Threat to Shipping

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.  


Quimby Promoted at Tacoma

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 Returns To Profitability

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


BOEM to Modernize Financial Assurance and Risk Management

Walter Cruickshank, Ph.D., Acting Director

  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


Interim Guidelines on Maritime Cyber Risk Management Approved

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The  Maritime Safety Committee of the International Maritime Organisation at its ninety sixth session (11 to 20 May 2016), having considered the urgent need to raise awareness on cyber risk threats and vulnerabilities, approved the Interim guidelines on maritime cyber risk management. These  Guidelines  provide  high-level  recommendations  for  maritime cyber risk management.For the purpose of these Guidelines


ABS to Direct Maritime Cybersecurity Research

Howard Fireman (Photo: ABS)

ABS, a provider of classification and technical services to the global marine and offshore industries, said it has been awarded a research contract by the Maritime Security Center (MSC) – a U.S. Department of Homeland Security (DHS) Center of Excellence


Maritime Safety Research Center Opens

The opening ceremony. From Left to Right: Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime, Professor Sir Jim McDonald, Principal and Vice-Chancellor, University of Strathclyde, Kitak Lim, IMO Secretary General, Professor Dracos Vassalos, Professor of Maritime Safety and acting director at the Maritime Safety Research Center, and Harri Kulovaara – Executive VP of Maritime and Newbuilding RCCL. (Photo: DNV GL)

The Maritime Safety Research Center (MSRC) is an industry-university partnership, involving Strathclyde's Department of Naval Architecture, Ocean & Marine Engineering, Royal Caribbean Cruises Ltd (RCCL), and DNV GL. The world’s first center of its kind


DNV GL, RCCL, University of Strathclyde Rolls Out Maritime Research Centre

The opening ceremony. From Left to Right: Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime, Professor Sir Jim McDonald, Principal and Vice-Chancellor, University of Strathclyde, Kitak Lim, IMO Secretary General, Professor Dracos Vassalos, Professor of Maritime Safety and acting director at the Maritime Safety Research Centre, and Harri Kulovaara – Executive VP of Maritime and Newbuilding RCCL. Photo: DNV GL

 The Maritime Safety Research Centre (MSRC) is an industry-university partnership, involving Strathclyde's Department of Naval Architecture, Ocean & Marine Engineering, Royal Caribbean Cruises Ltd (RCCL), and DNV GL.    The world’s first centre of its kind


Restrata, Agility Partnership in Training at REP, Iraq

Will Follett Photo Restrata

Restrata, a global leader in consultancy and training services, has partnered with leading logistics provider Agility to offer specialised training for oil and gas sector employees at the Rumaila Energy Park (REP) in southern Iraq. The REP's new training centre will offer a wide range of


Protecting Sensitive Sea Areas in South-East Asia

Photo: International Maritime Organization

 Further progress towards identifying and designating Particularly Sensitive Sea Areas (PSSAs) in south-east Asia has been made during a regional meeting in Lombok, Indonesia (27-28 July).    Some 30 participants from Indonesia, Malaysia, Philippines


DNV GL Wins Verification Work for Wintershall

Photo: DNV GL

 DNV GL has been awarded a 5 year contract to provide in-service verification work for Wintershall Noordzee B.V.’s (WINZ) RAVN and A6-A platforms.   The two platforms based in the North Sea are the unmanned RAVN in the Danish sector and manned A6-A in the German sector


Raising the Stakes on Maritime Performance

Image: SERTICA

A Danish software company has set out to help maritime companies facilitate growth in stormy waters.   The maritime industry is changing. Emerging technologies, increased regulation and CO2 concerns are pressuring ship owners, operators and technical managers


MN100: Safety Management Systems, LLC

Bill Mahoney (Photo: Safety Management Systems, LLC)

The Company: A leading US maritime consultancy established in 1996, SMSLLC provides practical risk mitigation solutions for vessel operators and stakeholders. Clients include a broad range of operators including Genesis Marine, American River Transportation Company, Seabulk Towing


Doing Business Differently to Meet Sustainability Targets: DNV GL

Picture by DNV GL

 Pressure is mounting on the global oil and gas industry to reduce environmental footprint at the same time as the industry is under significant cost pressure.    Since business as usual is not an option, DNV GL has launched two papers to advise the industry on how and where to


DNV GL Launches New Approach to Manage Uncertainty in Risk Assessment

Enabling confidence - addressing uncertainty in risk assessments Photo DNV GL

There is increasing emphasis from regulators on addressing uncertainty in risk assessments to improve safety. DNV GL’s new paper, ‘Enabling confidence – addressing uncertainty in risk assessments’, describes an improved risk management approach to achieve adequate safety


DNV GL Partners with EXPOSED

Photo: DNV GL

 DNV GL is partnering with the EXPOSED Aquaculture Operations Centre, with the aim to make fish farming safer and more sustainable.   EXPOSED is a Centre for Research based Innovation with the main objective to develop knowledge and technologies for exposed aquaculture operations


Wärtsilä In Dow Jones Sustainability Index

Wärtsilä has been selected as an index component of the Dow Jones Sustainability Indices (DJSI), both in the DJSI World and DJSI Europe indices. S&P Dow Jones Indices, one of the world's leading index providers, and RobecoSAM


Moore Stephens says Shipping Must Improve Risk Management

Simms Michael

Not enough companies in the shipping industry are following joined-up risk management procedures, according to international accountant and shipping adviser Moore Stephens.   The second annual Moore Stephens Shipping Risk Survey revealed a fall, when compared to last year


Consolidation, Greater focus on Risk Management and Higher Finance Costs - BIMCO

BIMCO Logo

BIMCO has today published the next in its series of reports looking at the “road to recovery” for dry bulk shipping beyond the current market difficulties. The foundation for the new report follows the conclusion of BIMCO’s previous analysis – that due to the severity of


Bimco Publishes Dry Bulk Crisis Report

Philippe Louis-Dreyfus. Photo: BIMCO

 BIMCO has published the next in its series of reports looking at the “road to recovery” for dry bulk shipping beyond the current market difficulties.    The foundation for the new report follows the conclusion of BIMCO’s previous analysis – that due to the






 
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