NEW marine repor ts and guides
Maritime Anti Corruption Network 2023 Annual Report Maritime Anti Corruption
Network (MACN) provides a unique global forum for businesses to contribute to the elimination of corrupt practices in the maritime industry. MACN is composed of vessel-owning companies and others in the maritime industry, including cargo owners and service providers. The organisation
was established in 2011 as an industry-led collective action initiative, with a goal of stamping out corruption in the maritime industry and promoting inclusive trade.
With over 200 companies across the maritime industry, making up over 50% of global tonnage, MACN has become one of the preeminent examples of an industry- led collective action network taking tangible steps to eliminate corruption across the supply chain. By working in partnership with the industry, governments, and civil society MACN has been successful in addressing corruption risks through country-specific actions in locations as diverse as Nigeria, Indonesia, Egypt, India, Ukraine, and Argentina.
MACN’s initiatives have been welcomed by stakeholders and have resulted in measurable outcomes such as the removal of trade barriers, strengthened governance frameworks, and substantially reduced corruption risks in maritime trade.
MACN’s anonymous incident reporting system enables maritime players to submit reports on corrupt demands they have faced during port operations. The outputs of the anonymous incident reporting allow members to learn from each other to potentially avoid similar incidents in their own operations. The use of the mechanism has significantly increased over the years. To date, MACN has collected more than 60,000 reports of corrupt demands globally.
MACN uses this data to analyze trends in the frequency of incidents, allowing MACN to target collective action efforts and engage with governments. It has been a successful way to facilitate constructive dialogue in meetings with governments and other stakeholders. Reporting is anonymous and non-attributable: It is not possible for anyone to identify who has submitted a report, and the report does not include details that would identify ships or individuals.
Download the report at
https://bit.ly/47gC6rt.
ICS Maritime Barometer Report 2023-2024 published
The ICS Maritime Barometer Report 2023-2024, identifies that the maritime industry's future, hinges on navigating political instability, cyber threats, and evolving decarbonization demands, with clear regulations and strong collaboration between industry, governments, and regulators being critical to maintaining progress amid growing complexity and uncertainty.
Political instability overtakes pandemic as leading risk in maritime sector The maritime risk landscape is increasingly shaped by key factors that act as risk multipliers, influencing how industry leaders perceive and respond to various challenges. In recent years, the dominant risk has shifted from the pandemic, which defined the 2020-2021 period, to political instability, now the leading concern. This change has triggered a rise in protectionism and eroded confidence in critical areas such as public
funding, traditional shipping routes, and the progress of decarbonization efforts. As a result, fossil fuels are expected to maintain their dominance in maritime energy for the foreseeable future.
Cyber and physical attacks surge amid growing geopolitical uncertainty
This political instability is also tied to the rise in cyber attacks by both state-sponsored and non-state actors, which have increasingly threatened maritime’s expanding digital infrastructure. These cyber threats now rank as the second highest risk for the industry this year. Additionally, geopolitical upheaval has brought malicious
physical attacks into the forefront of concerns for the first time, surpassing financial instability. Geoeconomic confrontation and the
accompanying protectionism have also emerged as
key drivers behind the trends of nearshoring and friendshoring among businesses.
Download the full report at
https://bit.ly/3V0ekL7.
THE REPORT | DEC 2024 | ISSUE 110 | 47
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