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

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  • Martin Stopford

    (MarEcon Ltd)

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.

Suggested Citation

  • Martin Stopford, 2022. "Maritime governance: piloting maritime transport through the stormy seas of climate change," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 24(4), pages 686-698, December.
    • Handle: RePEc:pal:marecl:v:24:y:2022:i:4:d:10.1057_s41278-022-00227-9
    DOI: 10.1057/s41278-022-00227-9
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