The International Association of Ports & Harbors (IAPH) has published its new risk and resilience guidelines for ports, as well as details of a new risk inventory portal aimed at sharing best practices on risk mitigation and management for ports.
According to ISO 31000 (2018), risk is the effect of uncertainty on achieving the objectives, often quantified as the Likelihood of the occurrence of an event multiplied by its Impact (L x I). While risk is generally perceived as a negative thing, we should keep in mind that it can just as well be a positive outcome, linked to a certain likelihood (i.e. an opportunity). Continue reading “Risk and resilience guidelines for ports, harbors and terminals published”