Ship management is a worldwide activity. Modern ships are
sophisticated designed structures equipped with several automatic
devices. It is estimated that 90 per cent of commodities
transported worldwide are carried by ships. Therefore there is
great interest from many private and public organizations that
those ships are operating, manned, designed and maintained within
international acceptable standards. The obligation of stakeholders
to comply with maritime regulations is included in most statutory
and commercial agreements and therefore inadequate implementation
of maritime regulations exposes stakeholders to commercial risks.
This book explores how the application of mathematical
decision-making tools could be used to manage maritime regulations.
Performance management tools are proposed which would allow
stakeholders to monitor the regulatory performance of their
organization in order to reduce or eliminate those commercial
risks. The process of introducing an implementation process for
maritime regulations worldwide is described within this text. An
emphasis is put on the role of main stakeholders in the regulatory
process and reasons that increase the willingness of stakeholders
to participate in the implementation of regulations. This book will
be of interest to scholars and students interested in the
management of the shipping industry as well as ship owners and
managers who are charged with implementing maritime regulations.
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