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Container shipping operational risks: an overview of assessment and analysis

Citation

Nguyen, S and Chen, PS-L and Du, Y, Container shipping operational risks: an overview of assessment and analysis, Maritime Policy & Management pp. 1-21. ISSN 0308-8839 (2021) [Refereed Article]

Copyright Statement

2021 Informa UK Limited, trading as Taylor & Francis Group

DOI: doi:10.1080/03088839.2021.1875142

Abstract

The interdependence of container shipping operations (CSOs) creates a hotbed of multiple operational risks. Risk analysis and assessment (RAA) is, therefore, a growing research focus on container shipping policy and management. Currently, it is challenging to grasp a state-of-the-art understanding of the field due to the fragmentation of the central concepts and overlapping taxonomies. This critical review paper clearly indicates this fragmentation by an overarching framework to cover both CSO and RAA aspects. The results revealed the attention toward ports and container shipping companies as the primary subjects of research; and Asia-Pacific and Europe as the fruitful regions of empirical studies. Thirty-five typical information, physical, and financial risks were identified in various CSOs. Regarding the CSO aspect, besides more empirical applications of RAA models, approaches and methods to support the collaborative mitigation and prevention efforts are considered critical tasks of the field, especially in the upcoming era of digitalization in container shipping. Regarding the RAA aspect, the establishment of a common framework that acknowledges uncertainty as a core component of risk is necessary to support the CSO aspect in dealing with emerging issues.

Item Details

Item Type:Refereed Article
Keywords:risk assessment, risk analysis, container supply chain, operational risk, container shipping
Research Division:Commerce, Management, Tourism and Services
Research Group:Transportation, logistics and supply chains
Research Field:Maritime transportation and freight services
Objective Division:Transport
Objective Group:Water transport
Objective Field:International sea freight transport (excl. live animals, food products and liquefied gas)
UTAS Author:Nguyen, S (Mr Son Nguyen)
UTAS Author:Chen, PS-L (Associate Professor Peggy Chen)
UTAS Author:Du, Y (Dr Bill Du)
ID Code:143454
Year Published:2021
Deposited By:Maritime and Logistics Management
Deposited On:2021-03-18
Last Modified:2021-09-22
Downloads:0

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