Ship dynamics, in the form of ship hydrodynamics with application to seakeeping, manoeuvring, resistance and propulsion, is now almost a century old. Most of these subjects with the emergence and rapid development of Computational Fluid Dynamics are now relying almost in full on numerical tools. Intact stability and capsizing in waves have also been introduced some 60 years ago. However, the dynamics of damaged ships in waves has persistently repelled close attention until the early 1980s when researchers at Strathclyde University tried to wake up this hibernating subject, following ground shaking accidents (Herald of Free Enterprise, 1987 and Estonia, 1994), the latter being the largest modern disaster in the western world with 852 people lost. Of course, in third world countries, disasters with 4,400 people perishing goes almost unnoticed (Dona Paz, the same year as the Herald of Free Enterprise). Research at Strathclyde in this particular area continues four decades later unabated, in the knowledge that damage stability problems in ships continue to be responsible for 90% of deaths in the maritime industry. For many years, I struggled to understand the reason for this but with age comes wisdom and cynicism: safety, even in the most advanced maritime nations of modern society, and the most progressive ship owners (with the exception of a pitifully small number) is still being perceived as unnecessary burden, limitation and cost and, as such, it receives attention only as damage reducing exercise. However, this could not be further from the truth. As a system, ship resilience is defined by her residual functionality post accidents and profitability by her safety margins, inbuilt and in operation. Design for safety and risk-based design, an ongoing effort for over three decades (also being brewed at Strathclyde), has made tremendous inroads in delivering the message that due attention to safety over the life-cycle of the vessel provides the right platform for a cost-effective economic activity whilst serving the higher societal goals. This paper targets to reinforce this belief by providing a methodological treatment of damage ship dynamics from the beginning of such developments to date whilst addressing the ensuing risk of flooding and offering solutions that have found their way in the maritime industry. For more details on developments on the subject prior to 2009, the reader should refer to [Vassalos, D. (2014)].