Figure 1: Major risks related to marine ranching in China

Type of risks

Examples of typical risks

Risk level

Production related risks

Type of risks

Meteor disasters

Examples of typical risks

Typhoon
High temperature
Heavy rain

Risk level

High

Type of risks

Marine disasters

Examples of typical risks

Storm surge
Ocean wave
Red tides and green tides
Other environmental changes

Risk level

High

Type of risks

Diseases risks

Examples of typical risks

Diseases
Pandemic

Risk level

High

Type of risks

Tech risks

Examples of typical risks

Marine ranching tech
Aqua tech

Risk level

Medium

Type of risks

Facility risks

Examples of typical risks

Facility defects
Breakdown
Net cage fouling
Wear, corrosion and structural damage

Risk level

Medium

Type of risks

Human error

Examples of typical risks

Negligence
Non-compliance and other violations
Insufficient training
Poor communication

Risk level

Medium

Social and market related risks

Type of risks

Market risks

Examples of typical risks

Fluctuation of price
Vicious competition
Change of customer behavior

Risk level

High

Type of risks

Policy risks

Examples of typical risks

Regional tax, subsidy and trade
policy changes

Risk level

Low

Source: Swiss Re