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IMO WorldMaritime DayThe theme of the2006 United NationsInternational MaritimeOrganization (IMO)World Maritime Day is‘Technical Co-operation:IMO’s response to the2005 world summit’.The following information hasbeen prepared by the RoundTable of international shippingassociations – BIMCO, INTERCARGO,INTERNATIONAL CHAMBER OFSHIPPING/INTERNATIONAL SHIPPINGFEDERATION and INTERTANKO.It is also supported by thenational shipowners’ associationsof Australia, Austria, Belgium,Brazil, Bulgaria, Canada, Chile,China, Croatia, Cyprus, Denmark,Finland, France, Germany, Greece,Hong Kong - China, Iceland,India, Ireland, Isle of Man, Italy,Japan, Korea, Kuwait, Liberia,Luxembourg, Mexico, Netherlands,New Zealand, Norway, Pakistan,Philippines, Singapore, Spain,Sweden, Switzerland, Turkey, UnitedKingdom and the United States.For more information about theshipping industry see:www.shippingfacts.comInternational Shipping – Carrier of World TradeThe international shipping industry is responsible for the carriage of90% of world trade and is the life blood of the global economy.Without shipping, it would simply not be possible to conductintercontinental trade, the bulk transport of raw materials or the import/export of affordable food and manufactured goods – half the world wouldstarve and the other half would freeze!35,00030,00025,00020,00015,000Billion tonne milesGrowth in world seaborne tradeSource: Fearnleys95 96 97 98 99 00 01 02 03 04 05* 06**estimatedShips are technically sophisticated, high value assets (the largest hi-techvessels can cost over US $150 million to build) and the operation of merchantships generates an estimated annual income approaching US$500 billion infreight rates, representing about 5% of the total global economy.It is the availability, low cost and efficiency of maritime transport that hasmade possible the large shift towards industrial production in Asia, which has inlarge part been responsible for recent improvements in global living standards.World trade continues to grow and the international shipping industry hasresponded to demand for its services. Recently, the industry has enjoyedwhat has become the longest sustained period of buoyant markets withinliving memory. Shipping markets are cyclical and notoriously volatile, andtoday’s unprecedented markets are unlikely to continue for ever. However,virtually all sectors of the industry have benefited from the recent globalshipping boom.This document, and more, is available for download at Martin's Marine Engineering Page - www.dieselduck.net
Global Regulation for a Global IndustryShipping is an international industry which depends upon a global regulatoryframework to operate efficiently.International MaritimeOrganization (IMO) insession in LondonShipping enjoys a relatively level ‘playing field’ between maritime nations, as well ashealthy competition between individual shipping companies, of which there are around10,000 involved in international trades, operating about 50,000 ships.Shipping is highly regulated at the global level,notably by the United Nations International MaritimeOrganization (IMO), which is responsible for safety oflife at sea, maritime security and the protection ofthe marine environment. In addition, the InternationalLabour Organization (ILO) establishes standards ofemployment and working conditions for seafarers.It is vital that regulations on matters such asconstruction standards, navigational rules and crewqualifications are common to all ships in internationaltrade. When a ship sails from Brisbane to BuenosAires, the same rules need to apply at both ends of thevoyage. The alternative would be a web of conflictingnational regulations, resulting in market distortions andadministrative confusion that would compromise theefficiency of world trade.The level of ratification and enforcement ofIMO Conventions is very high in comparison withinternational rules adopted for land based industries.For example, the provisions of the Safety of Life at SeaConvention (SOLAS) and the International Conventionfor the Prevention of Pollution from Ships (MARPOL)have been implemented by virtually every maritimecountry. IMO regulations are enforced on a global basisand nations have the power to detain foreign ships inport if they do not conform to international rules.ILO has also adopted the Maritime Labour Convention(MLC) which is shortly expected to be implemented on aglobal basis, to provide a level playing field with regardto seafarers’ employment standards.The safety record of the industry and its environmentalperformance are impressive (see graphs, right).National and regional policy makers occasionallyquestion the efficiency of the international regulatoryregime under which shipping operates. But whenconsideration is given to the difficulties involved insecuring international agreement on complex technicalrequirements, IMO is a model of efficiency.This document, and more, is available for download at Martin's Marine Engineering Page - www.dieselduck.net
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