Shipping’s Impact on World Oceans Is Well Regulated
Says ICS When it comes to governing the oceans, shipping largely has its house in order - that is the view of the International Chamber of Shipping (ICS) whose Chairman, Spyros M Polemis, took part in a major debate about oceans governance, in Singapore (Feb 23rd and 24th).Discussing 'Who Should Rule The Waves' at the World Ocean Summit, organised by The Economist magazine, Mr Polemis outlined how any suggestion of radically revising the United Nations Convention on the Law Of the Sea (UNCLOS) would not be welcomed by the international shipping industry.Because of the delicate balance of rights and responsibilities that exists between flag states, port states and coastal states, the shipping industry is very reluctant to support a fundamental revision of UNCLOS.Apart from enshrining the principle of global maritime rules, which are vital to the industry, UNCLOS also establishes the right of all nations to freedom of navigation on the high seas and the right of innocent passage in territorial waters. It also deals with delicate issues such as the rights of all ships to use international straits which are of great strategic importance.Because UNCLOS addresses a number of other sensitive issues, not just affecting shipping, ICS believes it ...
Read moreDetails