SMM: Slew of red tape hands bigger role to classification societies
As owners and operators struggle under the weight of all the red tape they are being lumbered with, classification societies have realised they can cultivate a greater role as information middlemen, offering sellable insights into how to deal with this avalanche of regulatory hurdles
The tsunami of red tape engulfing the shipping industry is going to leave it in need of greater information, which means classification societies can cash in