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Monthly Archives: July 2011

WHY RISK IT?

By Richard Hepworth, managing director of Trelleborg Marine Systems

why risk it

Do you dare to work out how much time you are spending on managing operational risk? A recent survey we undertook amongst port operators, contractors and consultants revealed that around a third of you are spending more than ever – or even the majority – of your time on this key issue.

Given that one in five surveyed admit an increase in disputes over the last 12 months, that’s hardly surprising. And the cause seems to lie in the safety of the port environment; nearly nine out of 10 polled believed a safer environment would directly contribute to reduced costs.

Consider that there is not only the monetary impact of dealing with port-side failure. The whole process of investigating, prosecuting, and resolving mistakes can be enormously time and cost hungry. If more operators put the money into preventive maintenance, they would spend so much less pursuing disputes through the courts.

We see many ports that need to schedule more regular maintenance checks on their equipment, particularly fenders, irrespective of the warranty periods. This is because many of the fenders we are called in to replace or maintain are under-engineered, or operate in conditions they aren’t designed for.

It can be poor specification or a failure to understand that low quality materials, poor installation and inadequate maintenance can combine to cause critical scenarios. By keeping complete control of the supply chain from design through to manufacturing and aftersales support we can help minimize risk and disputes.

Trelleborg’s Barometer Report, which details a wide range of findings from the industry survey, is available now as a free download from Takes the Pressure Off.

Topic discussions:

What is the real cost of poor safety?
Risk management should look at cost of cutting maintenance corners.
Poor quality materials and inadequate design result from specification failure.