External controls and inspections
The largest risk associated with tanker shipping is the risk of an oil spill in connection with a grounding, collision or some other accident. However, with the increasing modernisation and safety of the global tanker fleet, the number of oil spills has declined dramatically and they are now very rare.
This trend is due to a combination of comprehensive improvement work on the part of the world’s shipping companies and tougher requirements from regulators, customers and other stakeholders. Strict reporting procedures enable total control over all incidents – in port and at sea.