The Importance of Governance in Shipping

Nia: I think a lot of the analogies that Nia uses make me feel a little bit uncomfortable because they simplify the situation we find ourselves in. We've had shipping, it's one of the industries that's been regulated longer than anything, almost anything else. In many countries, if not most countries, it's not even legal to set sail from a port unless your ship is seaworthy. Exactly.