Self-regulating shipping industry

Increasing effectiveness of self-regulation in the shipping industry
Increasing effectiveness of marine industry self-regulation

Description

Self-regulating the shipping industry involves establishing and enforcing industry-led standards, monitoring compliance, and implementing corrective actions to address safety, environmental, and labor concerns. This strategy empowers shipping companies and associations to proactively identify risks, reduce pollution, prevent accidents, and improve working conditions, often exceeding minimum legal requirements. By fostering accountability and continuous improvement, self-regulation aims to remedy regulatory gaps, enhance operational efficiency, and build public trust in maritime transport.

Implementation

The European Shippers' Council established a voluntary code of best practice to promote quality shipping in the bulk shipping sector. The code is designed to assist shippers and/or charterers in determining the suitability of vessels for the carriage of their cargo.