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Thursday, 24 April 2014 14:56

New maritime risk rating system launched

By Deborah Ritchie

A new maritime risk rating system has been launched. The International Maritime Risk Rating Agency (IMRRA) was founded with the support of a number of major oil companies in their attempts to unify areas of marine risk assessment and management, making them more transparent and comprehensive. The commercial shipping industry transports more than 90% of the world’s cargo, and with this new system, IMRRA believes it can reflect unprecedented transparency in marine risk.

The new site has gone public with its oil tanker risk rating system, employing numerous major industry databases that are then compiled and refined into one field for further analysis and calculations before being assessed against a Risk Criteria Matrix. Key factors related to tanker safety are pinpointed, assessed and assigned numerical weighting values.

London-based IMRRA provides information on almost every tanker vessel currently operating in the oil shipping industry, allowing direct comparison with aggregated data, industry standards and the average risk calculation to provide an accurate overall score of any given vessel’s risks.

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http://www.cirmagazine.com/cir/New-maritime-risk-rating-system-launched.php