Maritime Risk Management News

ClassNK has released the latest "ClassNK Technical Journal”, which has been published for contributing to the development of the maritime industry through the outcome of R&D and technical activities.The latest issue, “ClassNK Technical Journal No.6 2022 (II)” features how to deal with risk, including articles on risk assessment in the maritime sector, the concept of vulnerability which contributes to developing a new framework that supports the social implementation of Maritime Autonomous Surface Ship (MASS), and fundamentals and applications for risk-based ship design.In addition, it also inc

Members of the North and Standard Clubs have voted to approve the merger between the two marine insurance firms, creating one of the largest providers of mutual cover in the maritime industries.The P&I clubs, which revealed plans to merge earlier this year, each held special general meetings on May 27 where members voted to greenlight the move to join forces as a single, larger mutual insurer. Pending regulatory approval, NorthStandard is expected to come together as a unified…

Windward, the Predictive Intelligence company applying AI to the maritime industry, announced the launch of Company Risk Insights, providing risk insights into every company in the maritime domain.The capability utilizes a new ownership data repository, risk indicators, data sets and behavioral models to provide Windward users with a complete risk assessment of all maritime related entities including a beneficiary list up to and including the Ultimate Beneficial Owner (UBO), Windward said…

Maritime risk management and environmental assessment organization RightShip announced its new Safety Score and Platform has gone live, aiming to provide a clear and transparent pathway to improved safety standards for shipping.RightShip said it spent two years building and refining the Safety Score, a metric that enables the maritime industry to improve the safety of vessel operations. The Safety Score ensures there are minimum standards that all vessels must meet, as well as clear actions to take to improve a vessel’s score.

ABB Marine & Ports has opened a new shipping cyber security laboratory ahead of stricter maritime cyber security rules due to enter force on January 1, 2021.In line with the guidelines set out by the International Maritime Organization (IMO), the new laboratory features hardware and software systems developed to help shipowners and operators combat the maritime industry’s growing cyber security risks, ABB said. Customers are now being invited for virtual demonstrations of the laboratory’s systems and capabilities.With the rise of smarter…

North America is historically one of the world’s safest regions for maritime transit and operations. Our data shows that of the 2,915 reported global maritime crime incidents that have occurred in the last decade, only nine of them took place in North America. This figure comes from a range of threats against both commercial, and pleasure craft vessels, primarily, attempted, or successful: attacks, suspicious approaches, illegal boardings, hijackings, kidnappings, robberies and exchanges of gunfire. This is what many of us boil down to the eye-catching buzzword “piracy”.

Maritime risk management and environmental assessment organization RightShip launched its new Safety Score in response to industry feedback that called for more transparent methods of assessing vessels.RightShip said it has spent the last two years working in collaboration with stakeholders from across the shipping industry. The new Safety Score provides a metric that is explainable, transparent and only includes factors which are in the control of the operator, to help support improved safety across the maritime sector.The Safety Score will be housed on the new RightShip Platform…

Canadian bulk shipping company Fednav said Monday it will reorganizing its commercial and technical shipping businesses under one management entity.The Marine Department, led by Executive Vice-President Tina Revsbech, will unite the traditional Chartering and Operations teams with their counterparts in the Shipowning, Technical, and Arctic units.In addition, Fednav announced the appointment of Isabelle Brassard as Senior Vice-President, Logistics and Sustainable Development, effective September 2020.Reporting to Paul Pathy…

Aon and HudsonCyber are joining forces to provide enterprise-level cyber security capability assessment, integrated cyber breach response, and mitigation support to the global marine industry.“We see a real need for collaborative thinking in respect of an enterprise level cyber security methodology for our clients," said Lee Meyrick, CEO of Global Marine at Aon. "It is important to understand cyber risk exposures, mitigation strategies and maximizing the effectiveness of their programs.”Bringing together Hudson’s HACyberLogix cyber security assessment program and Aon’s cyber risk transfer…

Indian Register of Shipping (IRClass), a leading international classification society, plans to further expand its operations into the Middle East and Africa (MEA) region with new offices in Saudi Arabia, Qatar, Egypt, Lebanon and Nigeria.The expansion plan underlines its commitment towards the growing number of customers from this region and enhances the classification society’s proximity to flag administrations, ship owners, shipyards and other stakeholders in the MEA region.Promoting its new strapline - ‘Your Partner in Maritime Risk Management’…

HudsonAnalytix, Inc. and its subsidiary HudsonCyber have completed a U.S. Maritime Administration (MARAD) Cargo Handling Cooperative Program (CHCP) grant to perform cybersecurity capability assessment workshops at three U.S. ports. HudsonAnalytix’s HACyberLogix-informed assessment approach enabled these ports to cost-effectively assess their entire organizational cybersecurity capabilities and identify cybersecurity capability vulnerabilities. The results from these workshops will support MARAD CHCP in leading the adoption of cyber risk management best practices across the U.S. port industry.

RightShip, the world’s leading maritime risk management and environmental assessment organisation, has appointed its new CEO. Martin Crawford-Brunt will replace outgoing CEO Warwick Norman who announced his decision to step down from the position in 2017. Crawford-Brunt takes up his new post on 12 March 2018 and brings more than 20 years of maritime sector experience to RightShip. For the past decade he has held senior positions around the world, with a track record of successfully building businesses and delivering increased value to ship owners. He joins RightShip from DNV GL where he was responsible for leading significant change, transforming its business model and introducing innovative services. Martin will initially be based at RightShip’s London office.

Market-led solution reduces shipping’s carbon dioxide emissions. Ahead of COP21, 26 of the 35 charterers that include vessel efficiency in their supply chain selection have come forward to highlight their proactive measures on climate change. By using the Greenhouse Gas (GHG) Emissions Rating to find the more efficient vessels these industry leaders are using their influence to incite change in the maritime industry by rewarding ship owners that prioritise efficiency. Developed in 2010 in response to customer demand, the GHG Emissions Rating is a tool developed by RightShip, the maritime risk management specialist. The tool is available free of charge to all RightShip customers and at ShippingEfficiency.org and allows charterers and other stakeholders to assess the efficiency of vessels.

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, and cyber security insurance has become a valuable layer of protection that risk managers must consider. While the insurance industry has decades or more of actuarial data on various kinds of risk (typhoons, tornados, earthquakes, etc.), no such substantive data exists yet for cyber risk.

The Nairobi International Convention on wreck removal was ratified by India recently and will be enforceable from April next year. This will place financial responsibility for the removal of certain hazardous wrecks on shipowners. Acknowledging this change, the IRClass Academy of the Indian Register of Shipping (IRClass) held a one-day seminar on Managing the Risk of Wreck Removal Liability on September 13, 2014 at the Head Office of IRClass in Powai, Mumbai. The convention will…

GAC Protective Solutions has published a new position paper calling for ship owners and operators to adopt a more systematic approach to sea defense that is based upon a multi-layered model of non-lethal risk mitigation measures, rather than automatically relying on armed guards for vessel protection. The position paper entitled 'Sea Crime: Replacing The Fear' has been published by GAC Protective Solutions, a partnership between global shipping, logistics and marine services provider GAC and maritime intelligence agency AKE. GAC Protective Solutions argues for an alternative approach to sea defence, replacing an undue reliance of armed guards on vessels travelling through high-risk areas with a more systematic approach based on the concept of the Maritime Risk Management Onion.

Open Ocean’s maritime risk management alliance welcomes IMO’s statements on use of private maritime security on vessels. Murray Hammick, Managing Director of Chenega Federal (UK) Ltd, the company behind the Open Ocean maritime risk management alliance, welcomed the IMO Secretary General’s recent comments on the use of private maritime security companies (PMSC), made at the commencement of Maritime Safety Committee 90 last week. In particular he endorsed the view that PMSC on board…