Canada is fortunate to have a vast wealth of natural resources which contribute significantly to the nation’s economy. It is perhaps no surprise, then, that the majority of Canada’s marine exports and imports, by volume, are natural resource-based bulk commodities.
Commercial marine shipping is inherently an international activity. As such, the industry requires regulation at the international level. International maritime regulations, also known as conventions, are developed by the International Maritime Organization (IMO).
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Today, 90% of world trade is carried by ship. Globally, there are over 50,000 merchant ships trading internationally and the total cargo capacity of the world merchant shipping fleet is 1.75 billion deadweight tonnes (DWT). The people responsible for maintaining, running and operating the fleet are seafarers.
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