An Empirical Study on Risk Responses for Various Operation Risks of Container Terminals in Hong Kong and China

Hong Kong and mainland China, being the places with most important container terminals among the world, have not carried out any studies in relation to risk and safety management. Countries around the two places like Taiwan have already devoted some efforts on the issue. Operational risks in terminal operation can lead to many bad consequences like incurring high cost for recovering the losses if they were not handled properly. By using the correspondence analysis, this research attempts to reveal the relationship between the risk responses, risk items and terminal companies' characteristics in order to show the rationale for risk responses decisions and identify the common practices for managing the operation risks. From this study, it is found that reducing both the severity and the occurrence is the common practices in the industry. Location and shareholding are playing a vital role in the risk responses decision making process.