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07-12-2020 (Live Online)

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Live Online: Risk Management in Shipping

7 – 10 December 2020 | 4-Day Live Online | 1:30pm-5:30pm (SGT)

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Register 2 Delegates & the 3rd Comes free!

overview

Enterprise Risks, Quality Assurance, Marine Risk Management and Management of Change

About The Course

All businesses have risks, and shipping industry is no exception. Being capital-intensive, heavily dependent on global economics and sensitive to geopolitical factors, shipping operators require comprehensive risk management strategies, enabling them to identify, prevent and mitigate the impacts of commercial, operational, environmental, legal & compliance exposures.

This masterclass provides shipping executives and senior leaders a high-level examination of tools and best practices in risk governance and risk mitigation strategies. Through the use of various risk assessment tools, the programme highlights major risk areas with varying degrees of severity. Upon attending, you will have analysed the impacts of various risk factors on business continuity, how they shall be mitigated, documented and monitored. Areas of discussions will include demand fluctuation, market volatility; global epidemic; trade sanctions; cyberattacks; litigation, investigation and penalties; as well as marine accidents and environmental hazards.

 

Key Learning Outcomes

  • Enterprise risk management in Shipping: tools and risk analysis methods
  • Identify and manage commercial risks (demand trends, interest rates, currency fluctuation, counter party risks, among others)
  • Evaluate operating risks: geopolitical, social, economic and other factors
  • Ship Operations: Accidents and Environment Risk Assessment & Mitigation
  • Legal & compliance risk mitigation in Shipping: Litigation, investigation and penalty risks
  • Manage crewing risks in shipping
  • Crisis management and business continuity
  • Risk Assessment & Mitigation Strategies Case Studies

pricing

Packages Price
Live Online LearningSGD $2876

Register Group of 10 for SGD $12,950

Register 2 Delegates & the 3rd attends FREE!
Group rate is based on normal rate only.
For Group Registrations, email register@informa.com or call +65 6508 2401

 

  • Special Group Discount pricing is applicable to groups of 2 or more delegates from the same organisation registering for the same event, at the same time.
  • Fee stated is the discounted price PER DELEGATE. Only one discount applies – either the early bird rate OR the Special Group Discount.
  • A 7% Goods & Services Tax (GST) is applicable to all Singapore based companies for Singapore venue.
  • View payment terms and bank transfer details, click here »

Course Director

Tom Golob
Marine Consultant , Senior Surveyor and Partner
Standard & Fairwind’s Limited HK

View profile »

 

Live Online Learning

Stay Home. Skill Up!

The current Covid-19 pandemic has put strains on various areas of business, especially when it comes to deriving commercial value from new initiatives. During this phase of self-isolation and working from home, we can help you meet your professional development needs and you can still take your professional development plans to the next level.

To support your learning goals we have converted our face-to-face trainings to LIVE Online Sessions. This way you can continue to attend live and interactive training sessions within the virtual classroom space where you can see and speak, with your Subject Matter Expert and other participants.

Benefits of Live Online Learning

Aimed at offering you immediate, high-quality practical information whilst minimising time and expenditure associated with travelling, our digital training platform enables you to interact in real time with course directors and remotely network with your fellow participants.

  • Classroom Experience: Progress with fellow participants as you would in an on-site class
  • Guaranteed cost-effectiveness: Travel budget saving, plus 20% price advantage for online participation
  • Controlled environment with speakers managing the Q&A and discussions and tools for enhanced interactions
  • Module-based approach to effectively manage your time and revisions
  • Earn your Digital Certification and broadcast your achievements to your peers
  • Onboarding: Available for all attendees
  • Proven and secure training platform

 

Click here to know more >

Digital Badge

Upon completion of this training course, participants will earn a digital badge.

Eligibility:
Attend and participate in the full training course duration, led by the designated training expert

Available to:
Seminar attendees

Digital Badge FAQ >

Agenda

Risk Management & Shipping Risks

Enterprise Risk Management and Quality Standards

  • ISO 31000:2018
  • Overall Risk management process and tools
    • Risk / hazard identification HAZOP
    • Risk evaluation PHA, FMEA, FMECA
    • Risk Analyses: Fault tree (FTA) and event tree (ETA), Cause-consequence (CCA), Human Reliability (HRA), SWIFT, Root-cause analyses (RCA)
    • Risk mitigation: CBA
    • Risk monitoring and review
    • Risk documenting & recording
  • Management of change framework
  • Quality standards ISO 9001, ISO 50001
  • Likelihood, severity and consequence measurements

 

Commercial Risk Identification, Evaluations and Mitigation Strategies

  • Supply and demand trends
    • Downward trends on demand across regions
    • Impacts on volume growth and CAPE
    • De-commoditisation strategy of ocean business
  • Volatility in shipping market and freight rates
  • Fluctuation in currency
  • Changes in bunker and fuel costs
    • High fuel price spreads
    • Cost-effective compliance strategies
    • High fuel cost recovery
  • Counter party risks

 

Operating Risk Identification, Evaluations and Mitigation Strategies

  • Geopolitical risks (e.g. Trade wars)
  • Social and economic
  • Policies (e.g. Foreign exchange controls, monopolies, taxes, investment permissions)
  • Social upheavals (Wars & conflicts, riots, terrorism, piracy, etc)
  • National disaster (e.g. earthquakes, tsunamis, typhoons, etc)

 

Ship Operations: Accidents and Environment Risk Assessment & Mitigation

  • The governance of maritime safety & environmental management
    • UNCLOS, UNFCCC
    • IMO, MPEC, MARPOL
    • PSSAs
    • ICCHASS
    • ISO 8402
    • SOLAS
    • Risk assessment for Ships: ISM & ISPS Codes
    • Flag state
    • Port state control
  • Severe accident risks and environmental impacts
    • Hazardous and noxious substances (HNS)
    • Oil/chemical discharges and spills
    • Atmospheric discharges (NOx, Sox and GHG)
    • Ballast water management
    • Anti-founling paint (TBT)
    • Pollution, contamination and waste
  • Hazard identification, Hazard and Operability Studies (HAZOPs, HAZID)
  • Contingency planning and emergency response
    • Oil spill preparedness and planning
    • Case studies
  • Global epidemic and infectious disease
    • Case study: Maersk’s preparatory approach to Covid-19 before pandemic declaration
  • Privacy & terrorism
  • Fuel emissions
  • Stricter environmental regulations (EEDI, GHG reductions)
  • Adoption of emissions trading systems (MBM) and increased costs to purchase credits
  • Impacts on capital expenditure

 

Legal & Compliance Risks

  • Legal compliance risks
    • Risk of violating competition/Antitrust and anti-bribery laws
    • Risk of violating Anti-Corruption laws
    • Port State control
    • Economic sanctions
  • Regulatory and operation risks
    • Company-specific SMS
    • ISM and ISPS
    • Code of safe working practice
  • Lawsuits, investigation penalties and trade restriction

 

Crewing risks

  • Injuries and casualties
  • Risks associated with crew change during epidemic & infectious diseases (Covid-19)
  • Assessing impacts on regional operations

 

Risk Assessment & Mitigation Strategies Case Studies

  • Cyber attack
  • High bunker fuel price spreads
  • Compliance violations (e.g. anticorruption laws and standards, competition/antitrust regulation, sanctions enforcement)

 

Information Security Measures

  • ISM 2021
  • Cyber risk assessment

 

Crisis management and business continuity

  • ISO 22301:2019
  • Practical exercise: BCP

when & where

07 - 10 Dec 2020

1:30pm-5:30pm (SGT)
Live Online

On-site & in-house training

Deliver this course how you want, where you want, when you want – and save up to 40%! 8+ employees seeking training on the same topic?

Talk to us about an on-site/in-house & customised solution.

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