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The official annual review released by the ICS organization. The review starts with the Chairman's Overview. The chapters of this document are covering the following, according to the contents: Office Bearers and Secretariat; Key issues faced in 2014 - The BWM, standing for the "ballast water management", Low sulphur fuel, ILO MLC, Piracy matters, IMO Conventions; The Year in Review - Industry improvements, A call to overhaul SOLAS, Monitoring, reporting and reducing CO2, Arctic shipping, The Polar Code, Passenger ship and tanker safety, Places of refuge, Electronic navigation (including Malacca Strait), Manning and training, ILO minimum wage revision and seafarers' work hour regulations, General Average, The York Antwerp Rules, Competition issues, Passenger liability, China's shipping policy, Consultative Shipping Group, International trade negotiations, IMO FAL Convention, Shipbuilding policy, Tax issues, International accounting standards, Canal tolls, Flag State performance and PSC, Ocean governance, Publications, Administrative matters, Obituaries, ICS Board of Directors, ICS Committee Structure, ICS Membership. A good one for those willing to keep in touch with the recent developments in the industry.