
Traditionally, maritime risks have been relatively predictable such as human error, mechanical failures and natural disasters. The continual growth of international trade and the introduction of new technologies mean that shipping industry risks are evolving fast. But is risk management within the sector evolving to meet these challenges? The industry’s recent experiences, for example in managing the grounding of mv Ever Given in the Suez Canal and the COVID-19 pandemic, demonstrate significant embedded resilience within the sector. However this does not mean that there are not opportunities to improve risk management practices in the shipping industry. BDO’s 2020 shipping risk survey results showed that where shipping industry leaders may once have viewed risk Continue reading “Shipping Risk Survey results published by BDO”