Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/45425
Title: A study of risks in maritime transportation specialised shipping industry
Authors: Lo, Shu Wen.
Keywords: DRNTU::Engineering::Maritime studies::Maritime management and business
Issue Date: 2011
Abstract: Transportation is a critical element in supply chains as it provides linkages to supply chain activities. Shipping is one of most common and economical means for transporting large volumes of goods over great distances. As such, risks embedded in the maritime transportation leg of supply chains need to be looked into and addressed to ensure safe shipping and prompt delivery to the end destination. Firstly, the report discusses the causes and impacts of maritime transportation risks of the specialized shipping industry, namely the crude oil and liquefied natural gas (LNG) supply chains. As the stakeholders of maritime transportation include shippers, carriers and terminal operators, analysis is done from the respective perspectives. Secondly, to ensure minimum delays and schedule reliability, mitigation strategies are reviewed. The determination of tolerance level for each risk plays a part in company’s decision on the allocation of resources and actions taken to mitigate the negative effects. Lastly, it is important that stakeholders understand and view the supply chain as a whole. In order to achieve efficiency and profitability of supply chain, collaboration among supply chain partners is paramount.
URI: http://hdl.handle.net/10356/45425
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:CEE Student Reports (FYP/IA/PA/PI)

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