Search results for: risk

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  • 23 August 2016

    Being an expert in any industry is a great responsibility. Being an expert in assessing the risk of potentially dangerous situations in an industry is an even greater responsibility. It is not only financial investments that rely on expert advice, lives also depend upon the policies and decisions made by these experts. Costa Renewables is such a company that […]

  • 26 August 2016
    Business & Finance

    Due to the severe deterioration in the shipping markets during the first half of 2016, German shipping bank Norddeutsche Landesbank (Nord/LB) increased its risk provisioning from ship financing as it closed the first half of the year with earnings before taxes of minus EUR 364 million (USD 410.9 million). The increase in the risk provisioning is also partly due […]

  • 18 July 2017

    There was an overall 15% decrease in global maritime security incidents in the first half of 2017, compared with the same period of 2016, according to Control Risks’ latest maritime analysis.  As explained, the drop was in part driven by a significant decline in maritime piracy in the Gulf of Guinea, which in 2016 experienced […]

  • 13 March 2017
    Business & Finance

    Maritime kidnaps across the globe surged by 44 percent in 2016, in part driven by an uptick of activity in the Gulf of Guinea and in the Sulu and Celebes Seas, according to Control Risks’ global maritime analysis. Additionally, maritime hijacks were down by 83% globally in 2016, driven by a decline in hijacks-for-cargo and hijacks-for-bunker theft […]

  • 3 March 2016
    Business & Finance

    The U.S. Army Corps of Engineers, Galveston District, will meet today with non-federal sponsors, customers and agency partners to collaborate on best practices regarding programs ranging from environmental to flood risk management, dredging the Texas coast and regulatory oversight of U.S. waters during a Stakeholder Partnering Forum in Galveston. “Several non-federal sponsors are scheduled to provide […]

  • 9 October 2012

    With offshore wind having become a busy and fast emerging business over the past few years, in which money seems to be present in abundance, the industry seems to be blind for lessons learned. Even to the point that fatal accidents have been accepted at a very early stage, in the development phase. Recent fatalities […]

  • 24 November 2016
    Business & Finance

    Due to a further increase in risk provisioning for ship finance, the German shipping bank Norddeutsche Landesbank (Nord/LB) concluded the first nine months of financial year 2016 with a consolidated loss before taxes of EUR 624 million (USD 659.3 million). Namely, the bank is reacting to the further intensification of the global shipping crisis over the course […]

  • 22 March 2016
    Business & Finance

    The U.S. Army Corps of Engineers, New York District, in cooperation with New York State Department of Environmental Conservation, Westchester County, and the Village of Mamaroneck recently held a public information meeting at the Emelin Theatre in Mamaroneck, N.Y. Discussed was a Tentatively Selected Plan for the Mamaroneck and Sheldrake Rivers Flood Risk Management Feasibility […]

  • 9 August 2016

    Ports in Japan and China top the list of ten ports in the world with the highest catastrophe risk, according to analysis released by California-based catastrophe risk management firm RMS. According to the analysis, the port of Nagoya in Japan could cause a USD 2.3 billion cost to insurers from a 1-in-500-year catastrophe event and the port […]

  • 23 February 2016
    Business & Finance

    Fixed-price power purchase agreements and public incentives insulate renewables from pricing risk, according to a new Fitch Ratings report. “In addition to pricing advantages, renewables enjoy increased demand spurred by tighter emission compliance standards,” said Christopher Joassin, Director at Fitch Ratings. “Carbon dioxide compliance costs will also improve renewables’ competitiveness.” Fitch has also recognised offshore wind […]

  • 6 April 2017
    Business & Finance

    As a result of a huge increase in the risk provisioning for ship financing, German shipping bank Norddeutsche Landesbank (Nord/LB) closed the financial year 2016 with a loss of EUR 1.9 billion (USD 2.02 billion). Overall the group set aside EUR 2.94 billion for ship financing risks in 2016, after EUR 840 million in the previous year on […]

  • 14 September 2016
    Business & Finance

    Not enough companies in the shipping industry are following joined-up risk management procedures, according to international accountant and shipping adviser Moore Stephens. The second annual Moore Stephens Shipping Risk Survey revealed a fall in the overall level of satisfaction on the part of respondents that sound risk management had contributed to the success of their […]

  • 23 February 2016
    Business & Finance

    Fixed-price power purchase agreements and public incentives insulate renewables from pricing risk, according to a new Fitch Ratings report. “In addition to pricing advantages, renewables enjoy increased demand spurred by tighter emission compliance standards,” said Christopher Joassin, Director at Fitch Ratings. “Carbon dioxide compliance costs will also improve renewables’ competitiveness.” Fitch has also recognised offshore wind […]

  • 11 October 2016

    The implementation of a global low-sulphur fuel law for ships in 2020 would prevent 200,000 premature deaths globally, a health study by a group of leading researchers from the United States and Finland reveals. The announcement was made after the international shipping association BIMCO raised concerns over data on available fuel ahead of Marine Environment Protection […]

  • 5 June 2015
    Business & Finance

    Companies which fail to embed effective risk management procedures into their daily activities are likely to pay a high price in today’s tightly regulated and highly competitive shipping industry, the international accountant and shipping adviser Moore Stephens warns. Respondents to the inaugural Moore Stephens Shipping Risk Survey rated the extent to which enterprise and business risk […]

  • 30 March 2015
    Business & Finance

    The River Thames Scheme is aimed to reduce flood risk from Datchet to Teddington through a proposed program of projects and investment in communities near Heathrow. Over 15,000 homes and businesses within the area are currently at risk from flooding from a 1 in 100 flood (that is a flood with a 1% chance of occurring […]

  • 8 January 2016

    Risk control is a major task for offshore wind power development in China due to great difficulties and risks, as well as the uniqueness of domestic offshore projects, Bureau Veritas said after its seminar on offshore wind power in October in Beijing. According to Shi Pengfei, an industry expert who attended Bureau Veritas’ seminar, the approval process of […]

  • 16 October 2019

    Gulf of Guinea remains a high risk area, it was noted.

  • 18 July 2019
    Business & Finance

    Offshore wind industry must quickly respond to a changing global risk profile in order to avoid large-scale financial losses, GCube Insurance said. As the offshore wind sector expands globally, prices fall, and technology evolves, asset owners and investors are becoming increasingly exposed to technical and supply chain risks, alongside natural catastrophe and extreme weather, the renewable […]

  • 2 June 2016
    Research & Development

    Jee, a subsea cable engineering company, has completed a project for an unnamed wind farm operator to assess the risks to the array cables within a UK offshore wind farm. With concerns about the integrity of cables on the wind farm, the operator awarded Jee a contract in March 2016 to compile a risk framework […]

  • 30 November 2017
    Business & Finance

    WindEurope and Swiss Re Corporate Solutions have published a report called The value of hedging, which introduces hedging as an instrument to cover the resource risk of variable wind generation, or ‘volume risk’, as wind power projects are getting more exposed to market risks with the transition to auctions allocating renewable energy support.

  • 6 October 2015
    Rules & Regulation

    The shipping and aviation sectors are set to be exempt from targeted CO2 emissions cuts in the December Paris climate agreement, as the latest draft deal removes previous calls for aviation and shipping CO2 reduction targets, according to environmental group Transport & Environment. The group said that neither of the international sectors was covered by national targets in the […]