International Chamber of Shipping (ICS): Greek Flag ‘Flies’ High

The Greek Flag is included among the top performers in the 2023/24 Shipping Industry Flag State Performance Table, according to the International Chamber of Shipping (ICS).

The high performance of the Greek flag is evident in all categories, both in terms of the United States Coast Guard and in Europe with the Paris MOU, as well as in Asia based on the Tokyo MOU.

Positive performance indicators are shown as green squares on the Table, with Greece scoring positively across all 6 categories and their subsequent 19 sub-categories, including Port State Control (PSC), Ratification of Conventions, RO (Recognized Organizations), Age (Low Average Age), Reports, and IMCO (Inter-Governmental Maritime Consultative Organization.

According to the report of the International Maritime Chamber, the overwhelming majority of flag states show ongoing positive performances in terms of the safety and environmental performance of commercial vessels.

Greece, Bermuda, the Cayman Islands, Denmark, Hong Kong (China), Japan, Liberia, Malta, the Marshall Islands, Norway, Portugal, Singapore, and the United Kingdom are among the countries that exhibit positive indicators for all criteria.

The Table summarises factual information in the public domain that might help assess the performance of flag States.

Port State Control (PSC) is the inspection of foreign ships in national ports to verify that the condition of the ship and its equipment comply with the requirements of international regulations and that the ship is manned and operated in compliance with these rules.

The International Convention for the Safety of Life at Sea (SOLAS) is an international maritime treaty that sets out minimum safety standards in the construction, equipment, and operation of merchant ships

The International Chamber of Shipping (ICS) is the global trade association representing national shipowners’ associations from Asia, Africa, the Americas and Europe and more than 80% of the world’s merchant fleet.

Source: tovima.com