Risk mitigation strategies in bulk shipping
Στρατηγικές διαχείρισης ρίσκου στη φορτηγό ναυτιλία
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Keywords
Strategies ; Risk ; Risk mitigation ; Bulk shippingAbstract
Bulk shipping companies face various risks that vary in severity, and need to be mitigated. There are few empirical studies to identify and evaluate risk management strategies in maritime activities with different risk consequences. The aim of this study is to identify risk management strategies and evaluate their relative importance. A literature review and a series of questionnaires were sent to a range of stakeholders around the world. The questionnaires provided us with the perspective and information on hedging decisions and practices of shipowners and managers. After a systematic review and research of the literature, 13 hedging strategies were identified. The results of the questionnaire survey showed that among the 13 strategies, the top three were "Regular employee training", "Chartering Strategies" and "Improving some initiatives (ISPSS Code, Safety Management System (SMS)". The present work contributes to shed light on risk mitigation strategies by providing insights into the difficulties and issues that characterize the global shipping market and how corporate managers can find ways to make these strategies more attractive.
Postgraduate Studies Programme
ΝαυτιλίαDepartment
Σχολή Ναυτιλίας και Βιομηχανίας. Τμήμα Ναυτιλιακών ΣπουδώνNumber of pages
56Language
EnglishCollections
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Αναφορά Δημιουργού-Μη Εμπορική Χρήση 3.0 Ελλάδα
Αναφορά Δημιουργού-Μη Εμπορική Χρήση 3.0 Ελλάδα