Estimating the consequence costs of oil spills from tankers

Christos A. Kontovas, N.P. Ventikos, Harilaos N. Psaraftis

Research output: Contribution to journalJournal articleResearchpeer-review


In the last decade, both worldwide and in the United States, the number of oil spills and the total quantity of oil spilled into the seas have declined. However, further improvements are still desirable. Clearly, the cost of oil spills to be avoided is one of the most important parameters in evaluating ship designs, measures, and policies to reduce oil pollution. The approach used in this -work is based on the assumption that the cleanup and the total cost of an oil spill can be approximated by the compensation eventually paid to claimants regarding the relative cost categories. To that extent, this paper reports on various analysis of oil spill cost data for spills. These analyses and their results can provide useful insights to the ongoing discussion on environmental risk evaluation criteria within Formal Safety Assessment (FSA). Additional uses are also suggested and some examples are given.
Original languageEnglish
JournalSociety of Naval Architects and Marine Engineers. Transactions
Pages (from-to)545-558
Publication statusPublished - 2012
Externally publishedYes
Event SNAME Annual Meeting and Expo and Ship Production Symposium: Where Industry and Technology Meet - Houston, United States
Duration: 16 Nov 201118 Nov 2011


Conference SNAME Annual Meeting and Expo and Ship Production Symposium
Country/TerritoryUnited States


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