“…Political risks policy decisions of government (Huang, 2012) intervention of foreign forces (Lu & Wang, 2015;Nwaoha et al, 2013;Xu, 2019) Economic Risks fuel price (Xu, 2019) vessel age (Balmat et al, 2009;Wu et al, 2021;Xu, 2019) Transportation Risks natural environment (Antao & Soares, 2012;Balmat et al, 2009;Hightower et al, 2004;Khan et al, 2018;Nwaoha et al, 2013;Østvik et al, 2005;Vanem et al, 2008;Xu, 2019;Zhao et al, 2015) shipping route distance (Lu & Wang, 2015;Zhao et al, 2015) security of transit areas (Bubbico et al, 2009;Hightower et al, 2004;Lu & Wang, 2015;Nwaoha et al, 2013;Østvik et al, 2005;Paltrinieri et al, 2015;Whitmore et al, 2009;Wu et al, 2021;Zhu et al, 2021) Operation & Management Risks incorrect operations (Abdussamie et al, 2018;Antao & Soares, 2012;Østvik et al, 2005;Wu et al, 2021;Zhao et al, 2015) shortage of crew (Østvik et al, 2005)…”