Citation:

Chileobu Aaron, James U. D. Didia. "Maritime Safety Regulation and Operational Effectiveness of Shipping Companies in Rivers State, Nigeria" International Research Journal of Economics and Management Studies, Vol. 2, No. 3, pp. 638-645, 2023.

Abstract:

This study looked into the connection between shipping company efficiency and maritime safety in Nigeria's Rivers State. The study's conceptualization used maritime safety as a predictor of the components of operational performance related to flexibility, responsiveness, and innovation. The study used a correlational style of investigation using a descriptive survey research design. To gather information that was pertinent to the investigation, the questionnaire approach was used. The study population comprised of the twenty (20) functional shipping companies operating with physical offices in Rivers State, which are also enlisted on Finelib.Com Nigerian Directory. The sample size was the same as the population since the population is not too large. However, the researcher adopted a census sampling technique to administer copies of structured questionnaire to four (4) managers in each of the shipping companies. This means that a total of 80 respondents were used for the study. Only 71 copies of the questionnaire were used for the data analysis after the data were cleaned. The Statistical Packages for Social Sciences (SPSS) version 23.0 was used to assess the various hypotheses using the Pearson Product Moment (PPM) correlation. The study's conclusions showed that there is a strong and favourable relationship between maritime safety and the operational efficiency of shipping companies in Rivers State, Nigeria, as determined by their adaptability, responsiveness, and ingenuity to safety regulations and standards in the maritime industry. The study came to the conclusion that there is a strong correlation between maritime safety and the efficiency with which shipping firms operate in Rivers State, Nigeria. The study recommended that managers of shipping companies should adopt maritime safety measures to mitigate challenges within the maritime environment, this will impact on operational effectiveness; managers of shipping companies should implement maritime safety regulations through constant flexibility, responsiveness and innovativeness strategies as this can guarantee their operational effectiveness.

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Keywords:

Maritime-Safety, Operational-Effectiveness, Shipping-Companies.