International Chamber of Shipping Publishes their Annual Review for 2017


The 2017 ICS Annual Review is intended as a comprehensive overview of all the major issues faced by the global shipping industry, and in which ICS is engaged on behalf of its member national shipowners’ associations. The Annual Review will be of interest to anyone involved with international shipping, including shipping companies, maritime administrations and policy makers.

Providing an insider’s view of the key issues affecting shipping, the ICS Annual Review provides a unique insight into the global shipping industry and the complex legislative and economic landscape currently faced by ship operators.

The Review explores the challenges presented by the need to reduce CO₂ emissions in line with the ambition set by the Paris Agreement on climate change; the worldwide entry into force of the IMO Ballast Water Management Convention in September 2017; and the implementation in 2020 of the global 0.5% sulphur in fuel cap, each of which will have profound implications for the economics of shipping.

ICS Chairman, Mr Esben Poulsson

It also covers developments with respect to the wide range of other issues in which ICS is involved on behalf of the global industry, ranging from legal and insurance developments, seafarers’ employment standards and the maintenance of free trade principles, to the resurgence of Somali piracy and the continuing migrant rescue crisis in the Mediterranean.

“While much of our work is about preparing for the future, the Annual Review reflects the sheer volume and diversity of issues being addressed by ICS”, said ICS Chairman, Esben Poulsson.

Key issues in 2017, discussed in the report:

  • Reducing CO2, An initial IMO strategy for 2018
  • Ballast Convention, Making it a success
  • Global Sulphur Cap, Preparing for 2020
  • Alternative Low Sulphur, Compliance options
  • Pollution Compensation, Global regime under threat
  • Constant Change, Continuing Crisis

The Year in review discussed in the report:

  • Ship Recycling
  • EU Emissions Trading System
  • Alignment of IMO and EU CO2 Reporting Regimes
  • Problems with United States Ballast Water Regime
  • Implementing STCW 2010 Training Standards
  • Global Supply of Seafarers
  • ILO Developments
  • Crew Repatriation
  • ILO Minimum Wage
  • Mediterranean Migrant Crisis
  • Piracy
  • Shipbuilding Issues
  • Digitisation and Automation
  • Cyber Risk Management
  • Pollution Liability and Compensation
  • EU Environmental Liability Directive
  • US Energy Exports
  • Negotiations on Free Trade
  • Trade Facilitation
  • Flag State Performance
  • UNCLOS Implementing Agreement
  • UN Sustainable Development Goals

Click on below image to download full report.

Source: International Chamber of Shipping



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