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Risk Assessment in Shipping Companies Intertanko Vetting Seminar Vouliagmeni, Greece

Risk Assessment in Shipping Companies Intertanko Vetting Seminar Vouliagmeni, Greece. Tony Field MMSC-EMEA Lloyd’s Register. Do the Shipping Companies do it well?. Probably Not . Why?. Re-active not Pro-active Often not structured

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Risk Assessment in Shipping Companies Intertanko Vetting Seminar Vouliagmeni, Greece

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  1. Risk Assessment in Shipping CompaniesIntertanko Vetting SeminarVouliagmeni, Greece Tony Field MMSC-EMEA Lloyd’s Register

  2. Do the Shipping Companies do it well? Probably Not .....

  3. Why? • Re-active not Pro-active • Often not structured • Specific assessments carried out independently not considering impacts on other areas of the Company • Ouch!

  4. Risk Assessment now “Mandatory” • ISM Code – Implicit • EU Regulations • IMO • Flag Requirements • Industry Best Practice – TMSA – Mandatory!

  5. What do other Industries do? • Offshore • Aviation • Military • Financial

  6. Risk Assessment – Company Wide

  7. Are your assessments being effective?

  8. Link Risk Assessment to Performance (KPI’s) • To time (man-days) lost due to accidents • To days off-hire/breakdowns • To non budgeted maintenance costs • To PSC results • To financial results • To insurance claims • To crews! Retention Satisfaction

  9. New ILO RegulationsWhat are the Risks? Good test maybe? • Financial Costs to the Company • Country of Ownership • Flag • Crew Nationality • Crew Contracts • New Requirements • Ship Requirements

  10. Summarise • Proactive • Take an Overall View • Maybe Need Training / Guidance • Commitment

  11. Do you agree?

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