The ISPS code gap requirements costs and related financing by the implementation in Saudi Ports

• Autores: Akram Elentably
• Localización: Journal of maritime research: JMR, ISSN 1697-4840, Vol. 17, Nº. 1, 2020, págs. 52-64
• Idioma: inglés
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• Resumen

  • Without transport, there is no economic development, and the more efficient the transport, the betterdevelopment proceeds. Especially since more than 90 per cent of world trade annually is transported bysea with the possibility of increasing the percentage mentioned annually which led to the trend towardsincreasing the size of ships (especially in container trade) due to the impact of the ever-increasingglobalization, so there are requirements to secure the port facilities Satisfactory While these facilitiesmust be properly secured, so-called logistical challenges arising from the accelerated shipping trafficaround the world have also emerged. This has resulted in the development of service levels for shipsoperating on international flights. Therefore, multiple port ports should include full implementation ofISPS requirements. Contracting Governments decide to what extent the Code can be applied to portfacilities within their territory, which are sometimes binding and required to serve ships involved ininternational transport. The immediate challenge for the port community is how to finance the costs ofimplementing ISPS, and ways to integrate and adjust them according to pricing and marketing strategieswhile maintaining market shares and achieving reasonable profit margins. The long-term challengeinvolves adjusting relationships with suppliers and customers to ensure flexible and competitive supplychains, capable of overcoming risk threats while continuing to deliver value to customers and user