Transport economics and seaworthiness of vessels

Sandell Peter-Ivar
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Sandell Peter-Ivar: Satakunta University of Applied Sciences Finland

Constanta Maritime University Annals, 2014, vol. 21, issue 1, 219-222

Abstract: This article describes the research conducted by the writer concerning the possibilities in enhancing the safety of ships and seaworthiness through risk management and marine insurance connected to new possibilities developed by research results achieved by solutions developed for Bridge Resource Management and Crew Resource Management. The article describes the basic solution in new Nordic Marine Insurance Plan 2013 for encouraging the ship owners to develop safety practices which can be accepted by the insurers as safety regulations in insurance policies to affect the risk management and to create safety practices which in turn increase safety on vessels and create cost efficiency through decreased insurance premiums when risk management on a ship or whole fleet is taken care of by using these modern safety practices which are made possible through effective use of modern technology and use of research models adjusted to practices on vessels. The further research will identify possibilities to develop similar practices to enhance safety culture by developing similar models which can be used as models to decrease transport costs

JEL-codes: R0 R4 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cmc:annals:v:21:y:2014:i:1:p:219-222

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