Since the implementation of the International Safety Management Code (ISM), the number of accidents had been significantly reduced. Today it has been the benchmark of every oil majors and charteres in making business with a shipping company. Inspection such as vetting, port state, flag state ect. are becoming relevant to the shipping business whereas failure to such inspection will result to delay, detention and loss of charter opportunity. Safety performance has become the defining factoe of the shipping business these days.
Do you know the status of your company in terms of safety performance?
Can you determine whether you are above of below your competitors?
Do you know your company's competitive edge?