Safety is a crucial issue in densely sailed waterways. Traffic guidance systems (VTS) have proven to be valuable in this respect. The effectiveness of current systems and the benefits for improvements in navigation are addressed in this paper. Relevant incidents are analysed with a risk assessment tool (Accident Sequence Precursor method) developed for complex system analyses. The method is capable of drawing conclusions on a high level: strategic and tactic events and the human errors associated with the navigator's task cycle. Changes in current VTS systems will not likely improve safety records in dense areas. Improvements might best be achieved by reducing or eliminating the human factor in incident sequences.