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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


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.  


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


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


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


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


COMSAT Announces Maritime Cybersecurity Programs

COMSAT teleport at Santa Paula, CA.  (Photo: COMSAT)

Following a June 16, 2017, decision by the International Maritime Organization (IMO) that requires ship owners and managers to incorporate cyber risk management into safety management systems established by the ISM Code, COMSAT has announced its suite of cybersecurity solutions for the maritime


Port Co-operation, Maritime Security Meet of Argentina

Photo: International Maritime Organization (IMO)

 A regional workshop focusing on this year’s World Maritime Day theme - Connecting Ships, Ports and People – has been held in Buenos Aires, Argentina (26-29 June).   The event, organized by International Maritime Organization (IMO) in collaboration with the Argentine


HII Hires Davis to Lead Cyber Security Program

Ron Davis (Photo: HII)

Ron A. Davis has joined Huntington Ingalls Industries (HII) as chief information systems officer (CISO). In this new role, he will lead the company’s cyber security program with responsibility for ensuring the early identification of threats and risks and the implementation of controls and


Seaspan Names Hale Chief Administrative Officer

Brent Hale (Photo: Seaspan)

 Seaspan ULC (Seaspan) has appointed Brent Hale as Chief Administrative Officer (CAO).    Brent joined Seaspan in June 2015 as Vice President - Human Resources (HR). In this capacity Brent led the strategic reorganization of HR at Seaspan - implementing new HR and Labor Relations


Hyper Connectivity: The Risks and Rewards

Image: ABS CyberSafety

The maritime industry is becoming more connected – at sea, on land and in between. This trend has given rise to a cyber-enabled fleet that continues to adopt greater levels of automation and operational complexity.   For the end user, the benefits of modern shipping are multiple


DNV GL Offshore Wind Standard for China

Image: DNV GL

 DNV GL is part of the consortium selected by the World Bank to support the development of 3 new standards in offshore wind turbine support structures, offshore substations, offshore wind farm power cables.    DNV GL will also be advising the Chinese government on project


Inmarsat Offers Cyber Security Risk Assessment

Inmarsat is giving its full backing to a new joint working group formed by the International Association of Classification Societies (IACS) to develop a coordinated position on cybercrime and its prevention.  The maritime industry satellite service provider said that stakeholder unity was


Cyber Vigilance at Sea: The New Norm

© Sergei Simonov / Adobe Stock

The risk of cyber attacks on vessels at sea continues to be significant, and it’s not going away any time soon. Each year, it seems, there are more and more reports of hacks that have resulted in loss of critical data, financial loss or problems with IT systems or shipborne systems


DNV GL Eyes Dynamic Risk Assessment

Photo: DNV GL

Traditional risk management practices involves operators navigating large static risk reports, in addition to handling massive amounts of data, with a limited timeframe to make risk informed decisions during operations.    DNV GL launches a position paper showing how risk assessments


Baltic Exchange Chief Outlines Growth Plan

Newly appointed Baltic Exchange Chief Executive Mark Jackson has set out the Exchange’s vision of the near-future in a wide-ranging speech in Singapore during the concurrent MPA Singapore Maritime and Singapore Iron Ore Weeks. “The recent acquisition of the Baltic Exchange by the


John C. Stennis Best in the West

Photo: United States Navy

 Commander, Naval Air Forces, Pacific announced Nimitz-class aircraft carrier USS John C. Stennis (CVN 74) as the recipient of the 2016 Battle "E" award for aircraft carriers home-ported in the Pacific, March 28.   The Commander


ABS Group Awarded USCG Blanket Purchase Agreement

The U.S. Coast Guard (USCG) has awarded a follow-on $9 million Blanket Purchase Agreement (BPA) to ABSG Consulting Inc., an ABS Group company (ABS Group).   ABS Group will provide a range of Human Systems Integration (HSI) support to the USCG's Human Systems Integration Office (CG-1B3)


Preventive Strategies for Maritime Security

Photo: International Maritime Organization (IMO)

The importance of well-coordinated, risk-based preventive strategies to counter maritime security threats was highlighted by International Maritime Organization (IMO)'s Chris Trelawny, Special Adviser on Maritime Security and Facilitation, during a debate at the United Nations Security Council (13


BV Certification adds global UKAS accreditation for ISO 2230

Bureau Veritas Certification (BVC) has achieved accreditation to international management systems ISO 22301: 2012 from the United Kingdom Accreditation Service (UKAS) through Bureau Veritas Certification Holding SAS, UK Branch. This independent recognition for Business Continuity Management


India Rolls out Sagarmala Development Company for USD 15 Bln Maritime Push

The Union Minister for Shipping,  Nitin Gadkari inaugurating the Sagarmala Development Company’s office premises, in New Delhi on December 26, 2016. The Secretary, Ministry of Shipping, Rajive Kumar is also seen

 India's Minister of Shipping Nitin Gadkari has said that projects worth Rs. 1 Lakh Crore (USD 15 Bln)  under Sagarmala programme are at various stages of implementation and development.    He was speaking to the press at a ceremony  to inaugurate the Sagarmala






 
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