The job of an economic regulator is no doubt a formidable task. It is even more so in a sector like the maritime industry. This is considering the setting and practitioners. Some would describe the environment as having a mafia setting and therefore a sector to beware because of the activities therein. Although, this is not to smear the good image of the providers and consumers of shipping services, the truth is that the sector is not one for cosy practitioners, so to say.