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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


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

Port-State Control Guide Published

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

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

Dryad Maritime's Mediterranean Special Advisory

Courtesy Defence Interaction Intelliegence Agency

  This morning Dryad Maritime released their Mediterranean Special Advisory, an in depth report, looking at the complex threats currently facing commercial shipping in the Mediterranean Sea. It has been written with the purpose of providing a better understanding of this important area of sea

Bandy Creek Boat Harbour Dredging Complete

Photo: BMT

BMT JFA Consultants (BMT), a subsidiary of BMT Group, an international maritime design, engineering and risk management consultancy, recently completed the project management and supervision of the 2015 Bandy Creek Boat Harbour Dredging works

Out of the Eye ... & Staying There

Joseph Keefe

I have never been in a hurricane. That’s a fact. Actually, my wife likes to say that whenever there is any kind of natural disaster, I’m typically nowhere to be found. And, when I think about it, I realize that she is right. Whether by accident or by design

SSI to Unveil ShipConstructor 2016 R2 at WorkBoat

SSI's latest release, ShipConstructor 2016 R2 will be unveiled for the first time in public at the International WorkBoat Show, December 1-3, in New Orleans.   According to SSI, the new software enhances productivity via new features and benefits

OSK-ShipTech Puts Polar Operations in Focus

Tackling the risks of polar operations and new challenges for future ship design   Citing an increase of cruise operations in polar waters, naval architects and marine engineers OSK-ShipTech A/S has ventured into new strategic business areas addressing the challenges and needs of ship

Mobile Tech Helps Streamline European Passenger Port

Image: BLIP Systems

The Port of Dover is turning to a raft of futuristic traffic sensors to keep billions of pounds of trade and millions of passengers on the move.   Equipment known as BlipTrack, developed by Denmark-based BLIP Systems, is helping controllers at Europe’s busiest ferry port to reduce

Wah Kwong Acquires DNV GL's ShipManager

Wah Kwong Ship Management and DNV GL - Signing ceremony

  Wah Kwong Ship Management (HK) Limited will adopt DNV GL’s ShipManager integrated fleet management software suite to further improve operational efficiency, data transparency and safety reporting. Wah Kwong is a leading provider of maritime transport in the bulk carrier

Wah Kwong Adopts ShipManager

The signing ceremony. (DNV GL)

Wah Kwong Ship Management (HK) Limited will adopt DNV GL's ShipManager integrated fleet management software suite to further improve operational efficiency, data transparency and safety reporting.   Wah Kwong is a provider of maritime transport in the bulk carrier, tanker and LPG segments

Spotlight: Cyber Risk Management


An increasing number of systems on ships and at marine facilities depend on cyber technologies for routine operations. While cyber technology has improved efficiencies in the marine industry and around the world, it has also created potential vulnerabilities.

NYK Selected for DJSI

logo of DJSI

  NYK has been selected for the Dow Jones Sustainability Indices (DJSI)* for a 13th straight year.   The DJSI, which is a major yardstick for companies engaging in socially responsible investment (SRI),** is composed of select sustainability-driven companies from over 3

HMS Announces Management Hires

Steve Carlson (Photo: Harley Marine Services)

Marine services company Harley Marine Services (HMS) has expanded its management team, naming Don Martin as Vice President and General Counsel and Steve Carlson as Vice President of Engineering, the company announced today.   Prior to joining Harley Marine

Foss Hires VP, General Counsel & Chief Ethics Officer

Lam Q. Nguyen-Bull (Photo: Foss Maritime)

Foss Maritime announced that Lam Q. Nguyen-Bull has joined the company as the Vice President, General Counsel and Chief Ethics Officer.   Based in Seattle, Nguyen-Bull will lead Foss's Legal and Risk Management Group, where in addition to providing counsel on legal issues and business

Commodities See Biggest Price Jump in 3 Years

Commodities jumped on Friday, headed for their largest weekly gain in more than three years as base metals roared higher after Glencore pledged to slash zinc output and gold hit three-week highs after dovish Federal Reserve minutes.  

BMT Wins Contract with US Navy Environmental Program

BMT Designers & Planners, Inc. (BMT), an operating company of BMT Group Ltd, an international design, engineering and risk management consultancy, announced it has won a three-year contract to support the U.S. Navy’s environmental and conservation programs.  

Pole Star Launches Cloud-based Platform

Image: Pole Star

Pole Star, a U.K.-headquartered technology company delivering maritime application solutions, has launched its new cloud application platform, designed to facilitate the company’s vision to enable a universal maritime ecosystem.   

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