In Singapore, the International Chamber of Shipping (ICS), the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA) will sign a joint memorandum of understanding.
This new MOU codifies the extensive level of co-operation that already exists between these important international trade associations and provides a framework for their closer co-operation. The three associations collectively represent over 90 per cent of the world merchant fleet. The agreement recognises their respective memberships of national shipowners’ associations and the unique and special relationship which their members enjoy with their national governments.
The MOU confirms the roles of ICS, ASA and ECSA as the principal global and regional associations, representing shipowners and operators – in all shipping sectors and trades – with those global and regional organisations, regulators and other bodies which impact and affect the interests of international shipping.