Shipping

An industry involved in the transportation of goods by sea, river, or other waterways.

Threats & Risks

Natural Disasters

Shipping facilities can be affected by natural disasters such as hurricanes, floods, and earthquakes. These disasters can damage the infrastructure of ports and docks, leading to disruptions in supply chain operations.

Accidents

Accidents such as ship collisions, fires, and explosions can occur at sea or in ports, leading to damage to ships and infrastructure. These accidents can cause delays in the delivery of goods and services.

Infrastructure Failures

Infrastructure failures such as power outages, water shortages, and communication disruptions can lead to disruptions in shipping operations.

Phishing attacks

Shipping companies are also vulnerable to phishing attacks that are aimed at stealing sensitive information such as financial data, customer data, and confidential business information.

Ransomware attacks

Ransomware attacks involve encrypting the company's data and demanding a ransom payment to release it. A successful attack can disrupt the company's operations and cause significant financial losses.

Supply chain attacks

Shipping companies rely on a complex network of suppliers and vendors, which can be targeted by hackers to gain access to the company's systems.

Insider threats

Insider threats can come from employees, contractors, or partners with authorized access to the company's systems. These threats can include theft of data or sabotage of systems.

Third-party breaches

Shipping companies often work with third-party vendors and partners, which can introduce vulnerabilities into their systems. A breach at a third-party vendor could result in the theft of valuable data from a shipping company.

Insider threats

Employees within the shipping industry may be a source of data breaches, intentionally or unintentionally. For example, an employee may accidentally send sensitive information to the wrong recipient, or a disgruntled employee may steal data and use it for personal gain or to harm the company.

Network disruptions

Disruptions in the network due to hardware or software failure, natural disasters, or cyber-attacks can result in a loss of connectivity and affect the shipping industry's ability to communicate and track shipments.

Power outages

Power outages can impact the IT infrastructure of shipping companies, leading to a loss of critical data and delays in operations.

Human error

Human error can result in accidental data loss, system downtime, and security breaches.

Vendor or third-party risks

The shipping industry relies heavily on third-party vendors for various IT services, and any disruption or compromise in their services can significantly impact the shipping company's operations.

Natural disasters

Natural disasters such as hurricanes, earthquakes, and floods can damage IT infrastructure, disrupt connectivity, and impact data storage, leading to a loss of critical data.

Supply chain disruptions

Any disruption to the global supply chain can impact the Shipping industry's ability to transport goods, resulting in delayed shipments, increased costs, and lost revenue.

Labor disputes

Strikes or other labor disputes can disrupt the flow of goods and services through ports and impact the operations of the Shipping industry.

Accidents and equipment failure

Accidents or equipment failures can result in damage to ships, loss of cargo, and potential harm to crew members.

Regulatory and legal issues

Changes in regulations or legal issues related to the Shipping industry, such as trade sanctions or environmental regulations, can have significant impacts on business operations and revenue

Standards Compliance Requirement

Standards	Requirement	Clauses
ISO 45001	Occupational Health & Safety management system	6.1.2.1 – Hazard identification 8.2 Emergency Preparedness and Response
ISO 14001	Environmental Management Standard	8.2 Emergency Preparedness and Response
ISO 27001	Information Security Management System (ISMS)	A.14.1.4 Business continuity planning framework A.14.1.5 Testing, maintaining and reassessing business continuity plans
ISO 22301	Security and resilience	Clause:8 8.5 – Operations