IMO

Dec 6th 2021 3 Min read

The International Maritime Organization (IMO) is a specialized agency of the United Nations responsible for the safety of navigation and prevention of marine and air pollution by ships. IMO's work supports the UN Sustainable Development Goals. IMO 2020 is a regulation that shook the shipping industry and the heavy oil market. What is the purpose of the International Maritime Organization? IMO, as a specialized organization of the United Nations, is an international standard-setting organization for the safety and environmental protection of international shipping. Its main role is to create a fair and efficient regulatory framework for the shipping industry that is universally accepted and enforced. Its role is to level the playing field so that ship operators cannot simply cut corners and solve financial problems at the expense of safety, security and environmental performance. This approach also promotes innovation and efficiency. Shipping is a truly international industry and can only function effectively if the rules and standards themselves are agreed, adopted and enforced on an international basis. And IMO is the forum where this process takes place. The IMO General Assembly adopted amendments to the IMO Convention to expand the composition of the Board, extend the tenure of its members and recognize three additional language texts as the authentic version of the IMO Convention. The General Assembly meets for the 32nd Session (December 615). The current structure will not change until the amendment goes into effect. Amendments to Articles 16, 17, 18, 19(b) and 81 of the International Maritime Organization Convention require acceptance by two-thirds of the IMO Member States or by 117 Member States (based on the current Member States of 175 Member States). forcibly. IMO Secretary-General Kitak Lim said to Member States celebrating the adoption of the amendment: “The adoption of the amendments to the IMO Convention is an important milestone in the reform of the Board. Increasing the size of the Board of Directors to 52 will support the achievement of a representative, balanced, diverse and effective Board that supports the interests of all Member States and ensures representation in all major geographic regions of the world.”