Risk identification of Engineering Risk Management

Tianjin was operating its port since 2011; it was the chemical warehouse which was under the Binhai economic zone. However, the port of Tianjin was concerned or managed the chemical that was used in the industrial sectors. It was the port of Tianjin; which was considered the largest ports that operated in northern China. The city has the population of 14 million and there were operator's activities. The risks faced by the China is due to the hazardous chemicals in the port of the Tianjin. Moreover, the storage of the chemicals was done so that there could be better storage, transfer as well as the better distribution of hazardous chemicals (Swissre.com, 2015).

The port of the Tianjin faced the issue because there were the largest amount of the chemicals and risks were not analyzed in the better way. Moreover, the port gets the annual turnover of about the 30 million Yuan. The hazard administration is additionally considered by the organizations or offices so as to limit the assets, also, with the thought to screen and in addition control the likelihood the means can be beneficial. The port of Tianjin was concerned or dealt with the concoction that was utilized in the mechanical divisions (Swissre.com, 2015).

The chemical products stored in the warehouse and there were the liquefied gases, also the chemical products include the argon and natural gas. There was also the chemical like flammable liquids, nitrocellulose, ethyl acetate, potassium or sodium nitrate, flammable solids, sulfur, calcium carbide, formic acid, the phosphoric acid etc.