Current developmentsi Developments in policy and legislationMarine
The Canadian shipping industry is frequently subject to changing legislation and policy, domestically and internationally, which can affect compliance with vessel security, thus increasing the costs to the vessel owner. In Canada, much of the recent initiatives are focused on environmental issues. For example, the new Arctic Shipping Safety and Pollution Prevention Regulations, which incorporate the International Code for Ships Operating in Polar Waters, include several safety and pollution prevention measures relating to vessel design and equipment, vessel operations and crew training.
The Canada-European Union (EU) Comprehensive Economic and Trade Agreement brings changes to coasting trade rules that apply to the use of foreign vessels. EU owners of eligible vessels may obtain a limited number of coasting trade services without a licence upon acceptance of advance notification by the Canada Border Services Agency.ii Trends and outlook for the future
Canada has contributed significant resources to the environmental assessment of its coastlines. Under the Oceans Protection Plan, the government is currently assessing the environmental impact on marine shipping, which includes numerous environmental and economic considerations.