Canal Tolls
The Panama and Suez Canals are of great commercial importance to the shipping industry. They are critical to reducing voyage times and fuel costs, as well as the sector’s CO2 emissions.
Showing 11 – 20 of 30 results
The Panama and Suez Canals are of great commercial importance to the shipping industry. They are critical to reducing voyage times and fuel costs, as well as the sector’s CO2 emissions.
In March 2019, the Organization for Economic Co-operation and Development (OECD) launched a major public consultation on the development a multilateral digital taxation framework for global application (i.e. not just by OECD nations).
ICS continues to work hard to develop partnerships with key players in the industry, law enforcement, and administrations to raise awareness as to the threat of drug trafficking on merchant ships and ensure adequate preparation in case of arrest or ship detention due to the smuggling of illegal narcotics by sea.
A significant part of ICS resources is dedicated to representing the global industry on a range of complex technical issues covered by the IMO Maritime Safety Committee (MSC) of IMO’s 174 Member States, and its numerous technical Sub Committees and Correspondence Groups.
The vast majority of ships’ support level ratings are recruited from developing nations, and the shipping industry is probably unique in that, under the auspices of the International Labour Organization (ILO), it has a recommended global minimum wage for seafarers.
Shipping is a global industry and therefore requires a global regime for governing the competence standards and certification requirements for the approximately two million seafarers employed throughout the world merchant fleet.
Despite the lack of media attention due to COVID-19, the migrant rescue at sea crisis in the Mediterranean is far from over, with tens of thousands of migrants still attempting to make the dangerous sea crossing from Africa to Europe in overcrowded and unseaworthy craft.
Piracy is a persistent threat to the shipping industry and remains a point of concern across the world’s oceans. In the years since the height of the 2008 piracy crisis, a consistent international effort has successfully lowered the frequency of piracy attacks in previously high-risk regions. ICS believes that continued cross-stakeholder coordination is critical to effective risk-management and response during incidences of piracy.
In November 2019, ICS formally opened its new ICS (China) Liaison Office, in Hong Kong SAR
The outbreak of COVID-19 has brought unprecedented disruption to the shipping industry, and requires a collective, solution-driven approach