The maritime industry is shaped
The maritime industry is shaped and governed by powerful international associations that set global shipping standards, regulations related to shipping, influence policymaking, and propel innovation, safety, sustainability, and fair trade practices among nations. In this article, we will discuss 10 such influential international maritime industry associations.
1. International Maritime Organization (IMO)
The International Maritime Organization (IMO) is a UN Agency that develops and maintains a regulatory framework for international shipping. It was established in 1948 and came into force in 1958. IMO is based in London, U.K, and has 176 member states and 3 associate members, as of 2024.
It ensures that shipping remains safe, environmentally friendly, efficient and supports the UN’s Sustainable Development Goals.
Among its major functions is to set global standards for ship design, construction, equipment, and operation at sea. It has developed measures like MARPOL to prevent marine pollution from ships, and also addresses legal issues involving liability and compensation in case of maritime accidents.
Its major conventions and achievements
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