What is the significance of the ISM Code in maritime safety?

The ISM Code, or International Safety Management Code, is crucial for maritime safety as it establishes safety management objectives for shipping companies. This code was developed to ensure that shipping companies create, implement, and maintain a safety management system (SMS) that promotes safe operations at sea and safeguards the environment. By focusing on minimizing the risk of maritime accidents and enhancing safety, the ISM Code helps ensure that vessels are operated safely and efficiently.

The emphasis on safety management objectives means that companies are required to assess risks and develop systems to manage those risks effectively. This proactive approach seeks to foster a culture of safety that permeates throughout the organization, thereby reducing the incidence of accidents and improving overall safety performance in the maritime industry.