Which Risk Management Processes are evident within Maritime Economics: Applying Scanscot-Shipping, Oldendorff Carriers and Wilhelm Wilhelmsen as cases.

This dissertation endeavours to explain how risk management processes are developed within the maritime economics. Risk management leans towards quantitative methods of assessing and treating risk. However, within the shipping industry quantifying financial risk as a means of carrying out risk management is not evidential. Operational risk issues are further neglected within risk management. Along these lines, qualitative risk management and operational risk management will be examined in the light of the maritime economics. The researcher has interviewed several participants from three different sized shipping firms. The results indicate a divergence from risk management processes, as heuristics is used when taking financial risk. Further, network collaborations are utilized to manage operational risk