Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/151084
Title: Risk management in the shipping industry : a decision tree approach to political risk mitigation in the crude tanker market
Authors: Tay, Jin Rong
Keywords: Business
Engineering::Maritime studies
Issue Date: 2021
Publisher: Nanyang Technological University
Source: Tay, J. R. (2021). Risk management in the shipping industry : a decision tree approach to political risk mitigation in the crude tanker market. Final Year Project (FYP), Nanyang Technological University, Singapore. https://hdl.handle.net/10356/151084
Abstract: The relationship between oil and politics has made political risk inherent to businesses involved in the production and transportation of oil. Being one of the main forms of oil transportation, the tanker shipping business has long been exposed to such risks. While such risks can be managed through avoidance and transference via insurance, the complex outcomes of political risk events can make risk management strategies difficult to formulate and implement. As the geopolitical climate of the world changes over time, certain political risk events have also risen in prominence. This paper explores the use of the decision tree model to aid political risk management in tanker shipping at an operational level. The results include quantitative and qualitative estimations of outcomes in response to different risk management strategies under two notable political risk scenarios in the context of today’s tanker shipping market.
URI: https://hdl.handle.net/10356/151084
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:CEE Student Reports (FYP/IA/PA/PI)

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