Marine Transport Risk Management

Marine Transport Risk Management involves identifying, assessing, and mitigating potential risks associated with shipping goods over water. This includes analyzing threats like storms, piracy, accidents, or equipment failures, and implementing strategies such as safety protocols, insurance, and contingency plans. The goal is to ensure the safe, secure, and efficient movement of ships and cargo, minimizing losses and disruptions. Effective risk management helps shipping companies protect their assets, comply with regulations, and maintain smooth operations in a complex and dynamic environment.