Safeguarding Your Maritime Investments

Terrorism has clearly become the primary threat of the 21st century. Excluding South America’s terrorism, in particularly Colombia, there is a terrorist problem along the whole of the Southern Mediterranean right the way to the Philippines. Previous risk management methods and procedures that seemed effective prior to 11 September 2001 are potentially no longer appropriate to enable companies to continue their operations economically, efficiently and safely, with minimum risk. More than just the entire world-wide airline industry was put at risk after 11 September. Shipping and its associated enterprises – ports and terminals – are clearly vulnerable targets for terrorist action. The attacks on the Achille Lauro in the Mediterranean in 1985, the USS Cole in Aden in 2000, and The Silk Pride in Sri Lanka in 2001, demonstrated the interest of terrorists in shipping as high-profile targets. Accordingly, the new political realities have altered the seascape for the maritime industry.

With operations over two-thirds of the world’s surface, the maritime industry has many diverse standards governing its daily routines and global procedures. Throughout its history, it has had to contend with piracy, but it is only during the past 20 years that it has had to contend with terrorism. The goals have shifted from illicit profit to political hegemony. Therefore, any maritime enterprise seeking a solution to the risks of terrorism must access expertise in a new and broader range of fundamental competencies:

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