Impacts of security initiatives implementation on the maritime industry

Abstract

Maritime security has existed ever since the emergence of maritime trade. Its importance has been emphasized after the September 11 terrorist attacks in 2001. The vulnerability of the maritime trade to be used as a mode of transporting terrorists and mass destructive weapons were discussed and seen in a few incidents. Both the International Maritime Organization (IMO) and the United States have implemented mandatory as well as voluntary maritime security initiatives to make the flow of maritime trade more secure. Hence, impacts of the implementation of maritime security initiatives faced by many shipping community were widely discussed in the industry.