Lecture 7: CSR in Shipping Flashcards
What is a major social issue in the shipping industry?
A) Lack of training for shipowners
B) Low wages and poor living conditions for seafarers
C) Strict environmental regulations
D) High energy costs
B
Why are shipping companies slow to adopt CSR policies?
A) They are already environmentally friendly
B) CSR policies are too expensive and increase costs
C) The shipping industry has strict CSR regulations
D) Maritime industries have formal policies in place
B
Which of the following is an example of an environmental issue in the shipping industry?
A) Lack of safety training
B) Sub-standard ships
C) Oil spills and GHG emissions
D) Use of modern technology
C
Why is CSR important for a shipping company’s corporate reputation?
CSR ensures compliance with environmental and social standards, preventing reputational damage from pollution, poor working conditions, or accidents.
Explain how the Triple Bottom Line (TBL) applies to the shipping industry.
TBL measures environmental performance (protecting marine life), social performance (employment and safety), and economic performance (shipping’s role in global trade).
List two social issues that seafarers face in the shipping industry.
Low wages, poor working conditions, lack of healthcare, long work periods, mental stress, blacklisting, piracy threats.
What are two major environmental issues faced by the shipping industry?
Oil spills, greenhouse gas emissions, ballast water pollution, vessel discharges, anti-fouling paint contamination
What is the purpose of a Flag of Convenience (FOC)?
To allow shipowners to register their vessels in countries with lower taxes, fewer regulations, and access to cheap labor
What is one challenge faced by Port State Control (PSC) inspections?
Inspections may cause delays, leading to port congestion and financial losses.
What is one example of poor corporate governance in shipping?
Lack of ownership transparency, sub-standard ships, poor adherence to IMO regulations.)
Why do ship management companies need to ensure strong CSR policies?
To attract customers, avoid regulatory penalties, and maintain a good reputation.)
What role does Port State Control (PSC) play in enforcing CSR in shipping?
PSC inspects foreign ships to ensure compliance with safety, pollution prevention, and crew welfare regulations, with the power to detain non-compliant ships.
How do NGOs like Greenpeace influence CSR in shipping?
Answer: They expose poor environmental practices, pressuring companies to adopt better CSR policies.
Which of the following is an example of an NGO that exposes poor environmental practices in the shipping industry?
Greenpeace
Which regulatory body primarily enforces CSR regulations in the shipping industry?
A) Greenpeace
B) International Maritime Organization (IMO)
C) Shipowners’ associations
D) Local port authorities
B
Which of the following is NOT a responsibility of a ship’s flag state?
A) Inspect the ship regularly
B) Certify the ship’s equipment and crew
C) Monitor global oil prices
D) Issue safety and pollution prevention documents
C
What is the primary reason shipowners register vessels under a Flag of Convenience (FOC)?
A) To increase ship safety standards
B) To ensure strict adherence to regulations
C) To reduce operating costs and avoid strict regulations
D) To promote fair wages for seafarers
C
Which countries are part of FOC
- Panama
- Malta
- St. VIncent
- liberia
- Cyprus
- France FIS
- Marshall Island
- Antigua
- Cayman Islands
- Bahamas
- Bermuda
