Top

Moore Stephens: Shipping Needs to Improve Risk Exposure Management

September 1, 2017

Effective management of risk within the shipping industry has improved slightly over the past 12 months, a survey by shipping adviser Moore Stephens showed.

However, shipping “still needs to up its game” in terms of managing its exposure to risk, which is increasing and changing in nature, not least in terms of the threat posed by cyber security.

Respondents to the survey rated the extent to which enterprise and business risk management is contributing to the success of their organisation at an average 6.8 out of a possible score of 10, compared to 6.6 last time. Charterers returned the highest rating (8.8) in this regard, followed by owners (6.9) and ship managers (6.8).

Read More on World Maritime News