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Environmental Issues Faced by the World Maritime Industry - Term Paper Example

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This paper "Environmental Issues Faced by the World Maritime Industry" presents key environmental issues that are faced by the maritime industry. Furthermore, the broader objective of the project is to discuss important international regulations to nullify the issues…
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Environmental Issues Faced by the World Maritime Industry
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Download file to see previous pages There are several companies that have pioneered in the sector of maritime industry which include Trans-orient Maritime Agencies Inc., Magsaysay Maritime Corporation and Philippine Transmarine Carriers Inc. The foremost priority of the International Maritime Organization is to manage the impact of the environment on shipping to protect the marine environment. 

The maritime industry is the part of the sector which includes enterprises in the commercial business of marine railways, shipyards, operation, manufacturing, and construction of components in the shipping lines. According to Lam Yi Young, the shipping industry is regarded as the lifeblood for the economy of the world and viewed as the cornerstone of worldwide trade. It is estimated that more than 90 percent of the trade of the world is carried out by the maritime industry. This resembles the importance of the shipping industry in the world. The significant upsurge in seaborne trade provides a vivid explanation about the importance of maritime industry. In the year 1968, the seaborne trade was over 7,900 billion ton-miles. There has been a significant upsurge of growth in seaborne trade. In the year 2008, it is estimated that seaborne trade is more than 32,000 billion ton-miles. Lam YI Young also believes that in relation with rate of emanation of carbon dioxide per ton-kilometer, the maritime industry is observed as the utmost effective system of cargo transport.

The lack of safety measures leads to the occurrence of maritime pollutions and accidents. The worldwide maritime industry is regarded as the pivotal part and backbone of international trade and globalization. Moreover, it contributes effectively to the wellbeing of human beings through development and growth worldwide. In the case of environmental change, there are many advantages of the shipping industry which includes high-efficiency in the transportation of goods. Over the coming years, it is estimated that the emission of greenhouse gases can have an adverse impact on the environment. The open-air working environments of the maritime industries can open the flood gates for pollutants to reach water, soil, and air. ...Download file to see next pagesRead More
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