Samsung Heavy Earns Highest Grade In Shipyard Risk Management Evaluation

Samsung Heavy Industries has obtained the highest grade of ‘A’ in the JH143 Survey conducted by the Joint Hull Committee (JHC) established by British marine insurance companies.

In 2010, Samsung Heavy Industries was the first in the industry to obtain an A grade in risk management evaluation from JHC and was internationally recognized for its safety, health, and environmental management capabilities.

JHC was created to discuss all regulations, terms and conditions, standards, and rules related to shipping insurance. It was established in 1910 by British marine insurance companies and has been recognized for its authority until now after 100 years.

Shipyard risk management evaluation consists of 13 evaluation items including:

• HSE regulations and procedures compliance
• Contaminant management status
• Emergency response capability
• Work permit system operation, etc.

Based on these, grades from A to E are allocated.

Among them, Grade A is the highest safety rating, meaning extremely low levels of risk’. The evaluation results are used by marine insurance companies around the world as a reference indicator when calculating the shipbuilding insurance rate, which is expected to reduce insurance premiums.

Samsung Heavy Industries official said, “A grade obtained in the world’s insurance industry is the result of highly assess the safety management system of Samsung Heavy Industries.”

“Safety will further strive to build a safe workplace as a first principle of management”, he highlighted.

Reference: samsungshi.com

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Latest Shipping News You Would Like:

55 Chinese Sailors Presumed Dead After Nuclear Submarine Became Trapped Underwater, According To Sources

Posted on October 4, 2023

According to Western intelligence estimates, 55 Chinese sailors were killed when a nuclear submarine became stuck underwater, however, China denies this.

All Three Of Ukraine’s Major Black Sea Ports Have Reopened To Ships

Posted on October 4, 2023

Despite Russian threats to attack ships sailing to Ukrainian ports, all three of Ukraine’s Black Sea ports have reopened to grain exporting ships.

Four In Court Regarding A €157 million Cocaine Seizure From A Cargo Vessel

Posted on October 4, 2023

In connection with last week’s €157 million narcotics seizure off the Cork Coast, four individuals have made court appearances and have been appropriately charged.

World’s Largest Cruise Ship “Icon Of The Seas” Will Make its Debut in January 2024

Posted on October 4, 2023

The largest cruise ship in the world, the Royal Caribbean Icon of the Seas, is nearly finished at Finland’s Meyer Turku shipyard.

Remains Of US Navy Sailor Killed In The Pearl Harbor Attack Identified After 80+ Years

Posted on October 4, 2023

Officials reported this week that a US Navy man killed in the WWII attack on Pearl Harbor has been identified, over 80 years after his death.