ABSTRACT
This chapter describes some steps in the implementation process that cause rigidity. It appears that success in implementing an international maritime regulatory environment can significantly improve any involved private stakeholder. The current regulatory status allows the operation of ships with lower standards, allowing their owners to obtain economic benefit from taking shortcuts. Therefore, costs generated by a regulation should be re-examined as to their consequences to the shipping industry and as to how they could be minimized.
There are minor but significant obstacles to a unique worldwide maritime regulation implementation, which are highlighted in this chapter. The variation of standards and goals among the stakeholders is a main obstacle to the IMO efforts. In addition, the costs generated in the shipping industry by the enforcement of new regulations are an additional barrier to the regulatory process. Finally, the training standards of seamen are not highly prioritized in contrast to other industries, where they are expected to conform to the regulations. On the other hand, the state cannot take on the burden of entirely monitoring the regulatory process. Consequently, the key to success lies with the stakeholders.
