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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


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


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.


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


Insurance Industry Must Take Data Governance Seriously

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Leading accountant and insurance industry adviser Moore Stephens has questioned whether data governance is being accorded the attention it deserves by the insurance industry. Recent FSA Arrow visits have highlighted a number of frequently recurring problems in insurance firms relating to risk management, governance, data and reporting. These include poor risk control culture, poor reporting, ineffective governance, inadequate allocation of control staff


Insights: Chris Charman Chief Executive, International Marine Contractors Association

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Chris Charman took over as Chief Executive of the International Marine Contractors Association (IMCA) in December of last year. IMCA’s Chief Executive leads the IMCA secretariat and is responsible for delivering the association’s extensive global work program. Charman, perhaps not widely known to our North American readership, nevertheless brings impressive qualifications to this important advocacy group for the international offshore, marine and underwater engineering sectors


RightShip Selects IBM to Deliver Risk Management System

RightShip announced the appointment of IBM to realize the potential of Big Data within its Ship Vetting Information System (SVIS) to deliver the most sophisticated, enterprise-ready risk management system available to the maritime industry. IBM’s advanced predictive analytics and real-time reporting will give RightShip customers instant access to its wealth of information and allow them to undertake extremely accurate risk forecasting. Dubbed SVIS 2


NSRP Risk Management Panel and SCA Joint Meeting

The National Shipbuilding Research Program (NSRP) Risk Management Panel will be meeting jointly with the Shipbuilders Council of America (SCA) November 5-6, 2014 in Virginia Beach, Va. Those who plan to attend are required to complete the registration form: http://surveys.scra.org/TakeSurvey


Bureau Veritas Kick-starts LNG Bunkering

Jean-Francois Segretain

International classification society Bureau Veritas has published a comprehensive set of guidelines on LNG Bunkering, with the aim of speeding adoption of LNG as a ship’s fuel by kick-starting the LNG bunker chain. Jean-Francois Segretain, Technical Director, Marine and Offshore Division


EU Adriatic and Ionian Strategy Targets Blue Growth

Blue Growth a priority as EU launches Adriatic and Ionian Strategy Better cooperation between countries in the Adriatic and Ionian regions is needed to address shared challenges and better exploit joint opportunities, the EU Fisheries department said today in a statement


Response Firm Coordinates Indian Ocean Rower Rescue

Rescue of injured rowboat crew member: Image courtesy of K Line

Global Rescue, a crisis response firm providing medical, security, evacuation, and travel risk management services, says it has coordinated the rescue of a rower from the middle of the Indian Ocean after he sustained severe burns. Ocean Row Events (ORE) crew member Shane Usher was successfully


LR to Class BC Ferries' LNG-fueled Newbuilds

Photo courtesy of BC Ferries

BC Ferries has awarded Remontowa Shipbuilding S.A. of Gdansk, Poland contracts totaling $165 million to build three new Intermediate Class LNG-fueled passenger ferries, to be classed by Lloyd’s Register (LR). The new intermediate class vessels will be the first vessels in BC


Preparations Needed for 2015 Sulphur Regulations

With six months until the January 1, 2015 deadline, owners and operators urged to plan ahead to manage their ECA fuel needs. With exactly six months to go until the 2015 ECA regulations take effect on January 1 next year, marine fuel trading company Dynamic Oil Trading has called on ship owners


Protecting Your Right to a ‘Bon Voyage’

The National Transportation Safety Board’s Earl F. Weener responds to our March 2014 MarineNews BY THE NUMBERS feature, entitled “Passenger Vessel Safety Record Defies NTSB Hit List.” The NTSB Board Member takes issue with the inference that their scrutiny of the record of


OW Bunker Acquires Wilhelmsen Marine Fuels

OW Bunker, a physical distributor and reseller of marine fuels, today announced that it has acquired marine fuel broker Wilhelmsen Marine Fuels, a subsidiary of Norwegian Wilhelmsen Maritime Services, for an undisclosed sum. Wilhelmsen Marine Fuels’ main activity is broking services from


DNV GL Helps Improve Crew Transfer Incident Reporting

Photo courtesy of DNV GL

Transferring personnel to offshore installations using crewboats and crane-lifted carriers is a common operation around the world; however, practices, levels of training, standards and the equipment used vary greatly. According to DNV GL, risk assessments currently use outdated statistics


TT Club Calls for Increased Port Safety

Photo courtesy of TT Club

In a speech given to the Trans Middle East Conference in Qatar in May, Andrew Kemp, Regional Director EMEA of the freight transport insurance specialist TT Club, called for operators to do more to minimize the causes of incidents resulting in bodily injury, cargo and property damage.


BMT SMART at Posidonia 2014

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BMT SMART Ltd., a subsidiary of BMT Group Ltd., a international maritime design, engineering and risk management consultancy, will showcase its performance monitoring portfolio at Posidonia 2014 next week in Athens, Greece. The SMART suite of services works by collecting vessel performance data


Christensen Joins PVA Staff

Eric Christensen

Retired Coast Guard Captain Eric Christensen has joined the PVA Staff as the Director of Regulatory Affairs and Risk Management. In this position, he will be a resource for PVA members regarding safety, security and environmental protection compliance issues and the PVA staff liaison for the PVA


Teekay Tankers Announces New CEO

Teekay Tankers Ltd. announced the appointment of Mr. Kevin J. Mackay as Chief Executive Officer (CEO) of Teekay Tankers, effective June 20, 2014. Mr. Mackay will join Teekay Tankers from Phillips 66 Corporation (Phillips 66), where he is currently head of the global marine business unit for


Subsea Risk Management in Real Time

Bergen, Norway – May 20, 2014 – A newly established research center on Norway’s west coast hopes to improve subsea operation and maintenance by bringing risk management into real time.   Integrated Well and Subsea Instrumentation (IWSI) is the latest development from


BMT Expands in Queensland and Western Australia

Courtesy BMT

BMT JFA Consultants, a subsidiary of BMT Group, the international maritime design, engineering and risk management consultancy, has announced plans for new offices in both Perth, Western Australia and Brisbane, Queensland in order to better support its clients’ requirements and provide space






 
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