RSK4801 Assignment 04/ RSK4801 Assignment 04 solutions 2023. Operational Risk Management (University of South Africa) CASE STUDY: SINKING OF THE OCEANOS The South African coast is well-known for its strong gale-force winds and sea storms. Along with this weather, there is a strong current running the entire length of the coastline, sometimes reaching a speed of up to 6 knots (12 km) per hour. Known as the Agulhas current, the waves can reach a height of 30 metres during a storm. In the past, these conditions caused many ships to wreck along the coast. The Oceanos was a 153-metre passenger ship. There was a seven-metre vertical distance between the waterline and the hull of the ship, which represented the minimum depth of water that the ship could sail in. The ship was built in 1952 as a cargo ship. In 1983 it was refurbished as a passenger liner that could accommodate 516 passengers and 200 crew members. Notwithstanding the changes that were made to the interior of the ship when it was refurbished, it was not a model passenger liner. There were six decks that made provision for passenger cabins, restaurants, casinos, lounges and a swimming pool. The lowest deck was for the crew and below this deck were the bowels of the ship, including the engine room, the generators and the propeller shafts that turned the two giant propellers. In 1991 the Oceanos was chartered by a South African company for an eight-month cruise season from June to January the following year. The normal cruise season was from December to January during the summer season when the weather was expected to be calmer than during the winter season from June to November every year. The change in dates could possibly be ascribed to a strategic decision to enhance the business of the company, especially in view of the fact that other cruise ships were operating in Europe or the Mediterranean during the summer season. The Oceanos arrived in South Africa in 1991. The ship's Captain, Yiannis Avranas, had 30 years' experience at sea. There were 200 sailors on the ship as crew members. In an interview with the Captain, he jokingly remarked that if the ship should sink, he would be on the first lifeboat off the ship.
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