ISPS an easy, but expensive, pill to swallow
The estimated global port-related cost of implementing the International Ship and Port Facility Security (ISPS) Code has been put at between $1.1bn and $2.3bn initially, with annual costs thereafter of between $400m and $900m, in a report by the United Nations Conference on Trade and Development (UNCTAD).
The estimated global port-related cost of implementing the International Ship and Port Facility Security (ISPS) Code has been put at between $1.1bn and $2.3bn initially, with annual costs thereafter of between $400m and $900m, in a report by the United Nations Conference on Trade and Development (UNCTAD).
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