“…In addition, shipping industry is the most highly regulated by several standard setters. The International Maritime Organization (IMO) and the International Labor Organization (ILO) are the leading regulatory institutions of the shipping industry, together with a significant number of maritime policies (Andrianov, 1990;Van Leeuwen and Kern, 2013). All of them have one common goal: to make the shipping industry more responsible to its stakeholders, this is in addition to an industrial's role of preserving marine environments (Nguyen et al, 2021).…”