The world's largest shipping association was established, covering 90% of the world's merchant ships

According to the statement, the new agreement will codify cooperation among a wide range of important international trade associations and provide a framework for their closer cooperation.

Together, these three associations represent more than 90 percent of the world's merchant fleet. The agreement recognizes that each of them is a member of the national shipowner's association and that their members enjoy a unique and special relationship with their national governments.

In addition, the agreement also recognizes the role of iata, ASA and ECSA as major global and regional associations, representing shipowners and operators of all shipping industries and industries, and authorizes cooperation with global and regional organizations, regulators and other institutions that have an impact on international shipping interests.

"Shipping is a global industry that needs global rules," said esben paulson, ICS chairman. Only by following the representatives of the world association of national shipowners can we further strengthen our relations and ensure that our work is carried out as efficiently as possible. "" supporting a global regulatory framework for shipping and opposing unpopular regional or unilateral actions could hamper the efficiency of maritime trade." "

ASA chairman Bhumindr Harinsuit said: "Asia's shipping industry controls an increasing number of the world's fleets and it is vital that the interests of Asia's shipping industry are properly represented globally, especially as the overall demand for shipping services in Asian economies is growing in importance."

"The eu's maritime policy has a significant impact on the regulatory development of BBS, such as the United Nations maritime organisation, and on ship operators in Europe and around the world," said panayiotis rascalidis, ECSA President. "Working with the imo and the ASA allows us to strengthen our joint efforts to represent the best interests of shipowners both in bodies such as imo and in our dealings with eu bodies.

The signing of the agreement means the establishment of the world's largest shipping association, which covers 90% of the world's merchant ships.