Commercial shipping of containerized goods involves certain risks for human safety and environment. In order to actively manage these risks, they must be identified, analyzed, modeled, and quantified. This requires a systematical analysis of design and operation of container vessels. Within the EU-funded research project SAFEDOR, a Formal Safety Assessment has been applied to establish the current safety level of generic container ships and to identify potential cost-effective risk control options. This paper describes a structured approach to develop the underlying high-level risk model. It is structured as risk contribution tree consisting of a series of fault trees and event trees for the major accident categories. Statistical analysis of casualty data is used to estimate the probability of occurrence. Finally, the summation over all individual risk contributions yields the current risk profile for the operation of container vessels is presented as FN-curve.

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