The shipping industry is highly regulated, with numerous legal and regulatory requirements related to customs, safety, environmental standards, and security. Shipping agencies provide expertise in navigating these complex regulations and ensure that vessels and cargo comply with all necessary documentation and requirements. As regulations become more stringent and complex, the need for professional shipping agency services grows.
For instance, in September 2023, the Tanzania Shipping Agencies (Shipping Agents) Regulations of 2018, which oversee the activities and criteria for shipping agents in the nation, have undergone modifications through the Tanzania Shipping Agencies (Shipping Agents) (Amendments) Regulations of 2023. These amendments to the Regulations are designed to improve transparency, professionalism, and accountability within the shipping agent industry, with the ultimate goal of benefiting both businesses and consumers engaged in the shipping sector.