Marine Link
Monday, September 26, 2016

Shipowners Say Industry Is Being Choked By Legislation

October 6, 1999

International shipowners said the maritime industry is being choked by legislation and that they are unfairly targeted as the culprits for all ills in the sector. Addressing some 1,000 delegates from 35 countries who attended the bi-annual Maritime Cyprus Conference in the port town of Limassol, shipowners outlined the problems the industry faces entering the new millennium. There was a heated discussion on Flags of Convenience (FoC), under which approximately 50 percent of all global tonnage is registered. An ITF official announced to delegates that within the next two years national flag states would also be assessed for operating substandard vessels. Delegates argued that the ITF uses its power to declare FoCs as a means to create a hit-list of flag states which don't comply with national union demands.


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News