Commercial Accidents-an assessment of four leading tanker companies
This study first demonstrates how the market conditions influence on the accident frequency of four of the world’s largest tanker companies. It is demonstrated that the accident frequency increases with a factor of three when the freight rates turn from a positive to a negative development. This difference is significant, but far lower than what was found within the passenger ship market.
KeywordsLarge Shareholder Freight Rate Fleet Size Classification Society Accident Risk
Unable to display preview. Download preview PDF.
- Zannetos, Z.S., The theory of Oil Tankship rates, Cambridge: MIT Press, 1966Google Scholar
- Lloyd’s Register: http://www.sea-web.orgGoogle Scholar
- Wilde, G., Target Risk 2: A new psychology of safety and health, PDE publications, Canada, 2001Google Scholar
- Cameron, K., Quinn, R.E., Diagnosing and changing organizational culture: based on the competing values framework, Addison-Wesley, 1999Google Scholar
- Keil Centre, 2001, Safety culture maturity model, HSE., Off shore technology report 200/049Google Scholar
- LaPorte, T., Consolini, P., 1991, Working in practice but not in theory: Theoretical challenges of “High-Reliability Organisations”, Journal of Public Administration Research and Theory, 1(1), 19–47Google Scholar
- Port State Control inspections. http://www.equasis.orgGoogle Scholar