The volatile, uncertain, complex, and ambiguous (VUCA) nature of environmental and operational conditions is still the major cause of marine accidents, with knock-on effects in terms of casualties, property damage, and marine pollution. Recognized as the most effective approach to navigate VUCA environments, risk-based assessment methods provide a solution to address challenges associated with health, safety, and environmental protection in extreme conditions and when accidents involving engineering structures and infrastructure occur. This book serves as a comprehensive guide to the foundational principles, current practices, and cuttingedge trends in quantitative risk assessment and management for ships and offshore structures. With six parts encompassing a total of 35 chapters, it covers risk assessment and management for offshore installations, oil and gas leaks, collisions and grounding, and fires and explosions. Tailored for ship and offshore structural engineers, naval architects, as well as mechanical and civil engineers involved in advanced safety studies, this book is an invaluable resource for both practicing engineers and researchers in this field.

Dr. Yong Bai holds the position of Chair Professor at Zhejiang University (China) and is also an academician at the Norwegian Academy of Technical Sciences. He is a fellow of the US Society of Naval Architects and Marine Engineers and the UK Royal Institution of Naval Architects. With an extensive background in offshore engineering structures and pipelines, Prof. Bai has held professorships at renowned universities, significantly contributing to the global offshore oil and gas industry through his publications and innovative achievements. Dr. Jeom Kee Paik, Professor of Marine Technology, the University College London (UK), is a National Special-Talent and chair professor at Ningbo University and Harbin Engineering University (China). An international fellow of the UK Royal Academy of Engineering and a fellow of various prestigious institutions, Prof. Paik’s research interests include nonlinear structural mechanics, advanced structural safety studies, limitstate-based design, and quantitative risk assessment and management. He is recognized for pioneering a proactive approach of digital healthcare engineering for aging ships, offshore structures, and seafarers working under hostile ocean environments or remote areas, using digital and communication technologies, AI, and machine learning.