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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


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


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


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.


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

moorestephens.bmp

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

Chris Charman web.jpg

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


DNV GL Revisits Offshore Oil & Gas Risks

Rig spindle valve release: Photo courtesy of DNV GL

In the first issue its 'Perspectives' online magazine DNV GL’s Graham Bennett points out that the Macondo incident has cast a spotlight on well control standards and the need for more consistency in training. Offshore oil and gas activities are not, by nature, inherently safe


Solomon Islands Capital Needs to relocate to Combat Tsunami

Solomon Island

BMT WBM (BMT), a subsidiary of the BMT Group, a leading international maritime design, engineering and risk management consultancy, has partnered with Buckley Vann town planners and the School of Civil Engineering at the University of Queensland to develop a comprehensive climate change adaptation


Lloyd’s Register's New, Consolidated, Rules for Offshore Units

Courtesy Lloyd’s Register

  Lloyd’s Register has launched its new Rules for Offshore Units in one single document following an in-depth consultation with industry. It signals a move by the world’s oldest classification and certification society, to modernise the way in which Rules and their guidance notes


Chariot Agrees Brazil Farm Out with AziLat

Barreirinhas Basin

Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, announced that its wholly owned subsidiary, Chariot Brasil Petróleo e Gás Ltda., has signed a farm-out agreement with AziLat Limited  through its local subsidiary AziBras


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


BMT WBM Wins Hydraulic Assessment Project for Queensland

BMT WBM Wins Innovative Hydraulic Assessment Project

  BMT WBM (BMT), a subsidiary of BMT Group Ltd, is delighted to announce that it has won the bid to provide a Comprehensive Hydraulic Assessment as part of the Brisbane River Catchment Flood Study (BRCFS) for the Queensland Government. Given the significant logistical challenges and


ASRY Targets Navy Market

Navy-Story-Credit ASRY

  ASRY, the leading ship and rig repair yard in the Arabian Gulf, has launched a new department dedicated to military projects called the Navy Defence and Industrial Projects (NDIP) Department. The specialised team, headed by Anthony Haile


Panama Canal Expansion Poses Billion Dollar Challenge

Photo: ACP

As the Panama Canal prepares to celebrate its 100th anniversary, insurers are warning of the increased risks that will arise from its plan to double the cargo-carrying capacity of ships transiting one of the world’s most important waterways.


DNV GL Extends UK Offshore Safety Training

DNV GL, the global provider of risk management services, is extending a offshore safety training program which aims to advance the role of elected safety representatives (ESRs) in minimizing the risk of accidents and improving safety. The course, which is accredited by OPITO


KPI Bridge Oil Appoints New CEO

Carsten Ladekjær

KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, has appointed Carsten Ladekjær as Chief Executive Officer for the group.   Ladekjær is an industry veteran with 20 years in the bunker business


BMT WBM Supports AQUIS Great Barrier Reef Resort Project

BMT WBM Supports Landmark AQUIS Great Barrier Reef Resort Project

  BMT WBM (BMT), a subsidiary of BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, has provided critical inputs to the Environment Impact Statement (EIS), in the areas of flooding, water quality and coastal processes for the A$ 8


LR Energy Wins New Nuclear Deal in Middle East

Lloyd’s Register Energy’s Nuclear Vice-President, Mamdouh El-Shanawany,

  Lloyd’s Register Energy together with Lightbridge Corporation has won a contract to support the Federal Authority for Nuclear Regulation (FANR) internal inspection team to provide construction oversight and related technical services for a new generation of nuclear power plant in the


OW Bunker, Petrocosta Collaborate in Latin America

OW Bunker has entered into a partnership with Petrocosta CI SA, a Colombian fuel marketing and transportation company. The agreement will further develop OW Bunker’s physical distribution network of marine fuel in Colombia and support its growth across Latin America.   


Hornblower Cruises Hires Special Projects Manager

Scott Keever

Hornblower Cruises & Events says it has hired Scott Keever as Manager, Special Projects; details as follows: After graduating from the California Maritime Academy with a Bachelor’s degree in Marine Transportation, Scott began a sea-going career with Chevron Shipping


Port of Hueneme to Get US$400,000 Security Upgrade

Port of Hueneme: Photo courtesy of the Port

The Port of Hueneme announced that it will receive more than $400,000 in funds from the U.S. Department of Homeland Security (DHS) through the Fiscal Year 2014 Port Security Grant Program (PSGP). The funds will help protect critical port infrastructure from terrorism






 
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