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April 2021 ISSN 2456-7035
Vol. 5 No. 1From the Editor’s Desk…
The shipping industry is driven by compliance culture alone is a foregone conclusion, IMO is experimenting with some enriched model of regulatory compliance beyond the pure deterrence model of severity of sanctions as key determinants of compliance. Integrating economic theory with theories from psychology and sociology to account for both tangible and intangible motivations influencing individuals’ decisions whether to comply with a given set of regulations is one such model. Specifically, the model accounts for moral obligation and social influence in addition to the conventional costs and revenues associated with illegal behavior, particularly given the awareness in the subjects of environment and safety today.
This issue of the journal largely dedicates to various facets of regulatory compliance. The paper ‘Debunking Safety Myths’ highlights the limitations of coercive enforcement and points out that what appears a matter of absolutes on the surface is in fact imperfect, convoluted, interpretive, and open to abuse. Then there is the empirical study on the impact of new regulations on the seafarer who fear increased inspections, administrative burdens and sanctions and concludes that suitable awareness and training strategies are required to handle the change and prepare seafarers to cope with the anxiety and stress due to new regulations.
The role and design of systems that ensure environmental regulatory compliance in light of society’s demand for policies that target a high level of environmental protection, public awareness and participation, and economic growth, is expressed in the paper on Ship Re-cycling industry in India that exudes the sincere implementation of Hong Kong Convention.
The proof of the pudding is encompassed in the paper on Light craft construction that details the concept design, fabrication and successful commissioning of cruise vessel designed to be operated in the backwaters of Kerala with much lighter design, higher payload capacity and economy of operations.
At the very core of the shipping industry lies the seafarer, who ensures the regulatory compliance. A very apt study on the supply and demand scenario of the seafarers, in context to the global trade, forms the contents of the final well researched paper of this issue of the journal.
Dr. (Capt.) S. Bhardwaj
