Starboard Maritime Intelligence’s Post

🛰 Our recent webinar with Moritz Lehmann "Persistent monitoring and planning for high risk areas of interest" is now on Youtube 🎬 https://lnkd.in/gSghusHJ In a hurry? Use these quick links to jump to a topic: Are there any ways that we can avoid accidents, like this case study, of a collision with an offshore wind farm? (6min) https://lnkd.in/gMh2KGXc What about in the planning phase? Is there anything that can be done to lessen the likelihood of incidents or understand who is using an area? (11min) https://lnkd.in/gZVDXAP2 What about vessels that are not reporting on AIS? Comparing options for persistent satellite monitoring. (19min) https://lnkd.in/gTXc-BAu

Incorporating stress testing into client presentations serves as a crucial asset for financial advisors to effectively articulate risk profiles and establish appropriate expectations with their clients. This practice is particularly significant in the Australian financial landscape, where linear tools are heavily favoured. By utilising stress testing, advisors can inject life into risk conversations, making them more engaging and relatable to clients, as demonstrated in the eye-opening car crash video. It is not merely about the potential dryness or complexity of methodologies and concepts for advisors, but rather about how they effectively convey the message. Here are a few key benefits: 1. Show clients potential downside scenarios with stress testing. 2. Balancing risk and allocation: Stress test results help advisors recommend changes to align the portfolio with the client's comfort level for potential losses. 3. Use stress testing to manage client expectations and prepare them for market volatility. 4. Comparing portfolios and products: Advisors can run stress tests on different portfolio allocations or investment products to demonstrate to clients how they differ in terms of downside risk. This is an objective way to show the value of diversification or the risk-mitigating features of certain products. 5. Meets regulatory expectations: In some jurisdictions, regulators are increasingly expecting advisors to use stress testing as part of their suitability analysis and disclosure to clients. Proactively doing so can help advisors stay ahead of evolving industry practices. 6. Builds long-term trust: Ultimately, having transparent, realistic conversations with clients about risk - supported by quantitative stress test analysis - establishes the advisor as an expert who is looking out for the client's best interests.[2] This can strengthen the relationship and boost retention in challenging markets. In summary, stress testing helps make risk real and tangible for clients. When integrated thoughtfully into client presentations and discussions, it's a powerful tool for aligning portfolios with risk tolerance, setting expectations, and building trust. However, advisors need to be careful not to make stress tests appear too hypothetical or unlikely, as clients may then dismiss them. #financialadvisors #financialplanners #financialadvisers #financialplanning #wealthmanagement

Join our panel of specialists to gain practical advice on how to avoid common pitfalls and explore the future trends in control environment optimization. Register now. https://lnkd.in/gcGQeu8A

Join our panel of specialists to gain practical advice on how to avoid common pitfalls and explore the future trends in control environment optimization. Register now. https://lnkd.in/e9YiRUgW

Join our panel of specialists to gain practical advice on how to avoid common pitfalls and explore the future trends in control environment optimization. Register now. https://lnkd.in/gtihSs4r

Here is an analysis of IR-MMLT Projects!

Unveiling the Secrets of The Gateway Process Report

It's always intriguing to observe the dynamics within this social network, especially when it comes to certain individuals who, without a hint of modesty, proclaim themselves as experts in the maritime sector. These "experts" do not shy away from publicly scrutinising and criticising the crew of a vessel that, due to a series of unfortunate events, collided with well known collapsed bridge. I urge my colleagues to refrain from exploiting this sensitive topic for personal gain, such as increasing their following. In today's digital age, it's a well-known fact that even the slightest misinformation can attract significant attention. Surprisingly, even negative feedback can inadvertently boost one's public image. It doesn't take a maritime industry titan or a genius to understand the circumstances that led to this incident. It's clear that the crew, including the pilot on the navigation bridge, could have done little to nothing under the given conditions. Even if the anchor had been dropped promptly, it's doubtful it would have prevented the vessel's collision with the bridge. The damage from this event is undoubtedly colossal, with various P&I clubs estimating the costs to far exceed 100 million dollars. Thus, I encourage you to hold back from making any sensational statements against the crew and allow the investigative bodies to determine the primary causes of the incident. This includes understanding the reasons behind the ship's loss of power and the emergency power source's failure to activate reliably, which could have potentially mitigated the severe outcomes. The root cause appears to lie in a technical failure of the ship's systems, which the ongoing investigation will clarify. This disaster should serve as a lesson to everyone involved in the industry. The investigation might reveal management failures, but again, I stress the importance of refraining from pointing fingers until all facts are thoroughly examined. Thank you for your attention. Feel free to add your thoughts in the comments below. #MaritimeSafety #ShippingIndustry #MaritimeInvestigation #ProfessionalEthics #NoToSensationalism #BridgeCollision #MaritimeExperts #ShipManagement

Engaging in Vital Dialogues for Seismic Safety Shri Safi Ahsan Rizvi, Advisor at #NDMA, recently engaged in an insightful discussion with Ms. Ranu Chauhan, Senior Consultant for #Earthquake Risk Mitigation at NDMA. The focus was on critical components in developing #Seismic Zone Maps, conducting Seismic Microzonation Studies, and generating Probabilistic Seismic Hazard Maps (PSHA). Key Highlights of the Discussion 1️⃣ Seismic Zoning Maps: These maps classify regions based on their seismic activity potential. The foundation of this classification lies in: Historical earthquake records Tectonic settings Such data helps prioritize areas requiring higher seismic resilience. 2️⃣ Seismic Microzonation: This process examines localized seismic characteristics, such as: Soil types and geotechnical properties Site-specific amplification factors Essential for urban planning, infrastructure development, and emergency preparedness, microzonation ensures localized insights into seismic risks. 3️⃣ Probabilistic Seismic Hazard Analysis (PSHA): By incorporating: Historical seismic data Fault slip rates Ground motion models PSHA provides probabilistic estimates of seismic events over specific time frames, enabling robust risk assessments. A Focus on Resilient Infrastructure The discussion highlighted that critical infrastructure—such as dams and nuclear power plants—requires designs integrating both seismic microzonation and PSHA studies. This ensures resilience tailored to specific regional risks, safeguarding lives and investments. Such conversations at NDMA continue to pave the way for safer, better-prepared communities across India. Safi Ahsan Rizvi Ranu Chauhan Vijay Lokesh Singh #SeismicSafety #DisasterRiskReduction #GeospatialScience #EarthquakePreparedness https://lnkd.in/gJhdx7jf

Peter Dortmans (from our RAND Australia office) and I had an Op-Ed come out today titled "What will Australia’s approach to net assessment be?" Australia’s 2023 Defence Strategic Review (DSR) was very clear--Australia must change the way it plans for and acquires defence capabilities. The review identifies the use of a net assessment as an appropriate “conceptual approach to understanding the critical features characterizing long-term competitive relations among strategic actors.” We offer that … “Fundamentally, net assessment is built around three considerations. First, it details the relative balance between two protagonists across the full spectrum of power dynamics, situating them within domains of contestation. Second, by identifying pockets of imbalance, it captures potential asymmetries between protagonists that are open to exploitation, thus identifying both opportunities and threats. Finally, it recognises the dynamic nature of competition. Over time, as conditions change, so does the relative balance. Therefore, asymmetries will be fleeting.” In our Op-Ed, Peter and I strongly support to use of a net assessment, while identifying key inputs that are needed for such an effort including: a well-defined and understood terms of reference to guide the assessment; access to key knowledge, expertise and analytical models (some of which may need to be developed); and upfront investment and long-term dedicated resources. The article is at What will Australia’s approach to net assessment be? | The Strategist (aspistrategist.org.au) Hope you enjoy the piece!