Report shows that global maritime industry is unprepared for main risks

Published: Thursday, 04 October 2018 10:41

Senior stakeholders believe that the global maritime industry is not prepared to deal with major risks that are likely to impact it over the next ten years. This is according to the Global Maritime Issues Monitor 2018, published by the Global Maritime Forum, Marsh, and the International Union of Marine Insurance (IUMI).

The first industry report of its kind, the Global Maritime Issues Monitor 2018 examines the impact and likelihood of 17 major risks based on research among senior maritime stakeholders across over 50 countries around the world. According to the research, the maritime industry does not appear to be prepared for any of these issues. Worryingly, this is amplified by the fact that the risks the industry are least prepared for are the ones deemed to have potentially the biggest impact on the sector.

The diagram below shows various risks mapped by impact, likelihood, and preparedness:

various risks mapped by impact, likelihood, and preparednes

Read the full Global Maritime Issues Monitor 2018 here.