Wallem Group chief executive Frank Coles has described shipping's regulatory environment as “dysfunctional”, calling for more coordination between national authorities from prominent maritime nations.

Some critics say the regulatory process at the IMO can often be time-consuming while not taking into consideration the opinions of maritime professionals.

The industry should “not rely on 150 political appointees”, Coles tells TradeWinds, referring to the representatives from IMO member states.

“We are at a place where it’s dysfunctional.”

New way forward

National regulatory bodies should "come together and create a way forward ...