Analysis on current challenges and trend of classification societies

Pao Yue-kong Library Electronic Theses Database

Analysis on current challenges and trend of classification societies

 

Author: Tang, Yingyan
Title: Analysis on current challenges and trend of classification societies
Degree: M.Sc.
Year: 2010
Subject: Hong Kong Polytechnic University -- Dissertations
Ships -- Standards
Ships -- Inspection
Department: Graduate School of Business
Pages: 72 leaves : ill. ; 31 cm.
InnoPac Record: http://library.polyu.edu.hk/record=b2392254
URI: http://theses.lib.polyu.edu.hk/handle/200/5865
Abstract: Classification societies play a vital role in maritime safety and security, and protection of marine environment since they were established. In recent years, classification societies face number of challenges from both internal and external. They work at the same time for the Flag State and for the shipowners. Meanwhile, their assessment must comply with related International Code. As market of classification societies has become highly competitive, volatile and complex, each classification society finds its way to raise, or at least stabilize its market share in such environment. Strategies, which are fair and positive, or vicious, are taken by classification societies in order to reach their goals. There are more business opportunities for classification societies in the future. It calls for more cooperation internationally for further safety and security of marine industry. This paper reviews operation and management of main classification societies worldwide and regulations and rules of international and regional organizations, in order to find out growth pattern and strategies of classification societies. For the future development of classification societies, there are more concerns on regulation evolution and environment changes. New regulations about ballast water management and coatings, new route through the Arctic, CO₂ emissions, ship and fuel efficiency, ship recycling, and human element are analyzed in this paper. Some of them are being discussed by related parties and a detailed roadmap is not got yet. Classification societies fight against mutual recognition on a certain level proposed by EU because of safety and liability concerns.

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