NEW IMO rules requiring the addition of the prefix 'IMO' to a seven-digit identification number on the hull of ships will cost the industry $25M, according to the International Chamber of Shipping.
Speaking on June 4th at the final day of the IMO's Maritime Safety Committee in London, Brian Parkinson trade and operations adviser for the ICS described the new requirement as "a bureaucratic interpretation of regulations with no justification".
Supported by Bimco and several other shipping industry organisations, the ICS has submitted an objection to the new requirements which, it argues, add nothing to security, safety or the protection of the environment.
According to ICS estimates, each additional character will cost $150 to add to a ship's hull by means of raised or embossed lettering. Three additional letters being added to 56,000 SOLAS compliant ships will cost about $25M excluding maintenance costs, said Parkinson.
The requirement for all SOLAS compliant ships to display a seven-digit identification number was adopted by the IMO last December and will cost the industry about $280M, according to the ICS.