Maritime governance: piloting maritime transport through the stormy seas of climate change

Martin Stopford ()
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Martin Stopford: MarEcon Ltd

Maritime Economics & Logistics, 2022, vol. 24, issue 4, No 2, 686-698

Abstract: Abstract The new era of climate change and digital technology raises important issues about industry governance. This paper argues that today’s maritime governance should not be seen as a “top down” model. In practice, there are four tiers of governance—Tier 1 IMO and ILO, Tier 2 Nations (the flag states), Tier 3 shipping companies, and Tier 4 ships. All are important, but in the coming decades Tier 3, the shipping companies, deserves special attention because they will execute the governance policy. But today’s Tier 3 shipping companies were not developed to manage change on the scale which lies ahead. Adapting organisational structures and resources at Tier 3 will be crucial in achieving Tier 1 and Tier 2 governance objectives, particularly in meeting decarbonisation goals and introducing the digital technologies needed to improve performance.

Keywords: Maritime governance; Decarbonization; Digitalization; Flag states (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1057/s41278-022-00227-9

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