The Company actively participates in tangible efforts to combat corruption across the maritime industry, with a specific focus on the significant reduction of facilitation payments.

To support this commitment BSM has joined the Maritime Anti-Corruption Network (MACN), a global business network that works for a maritime industry free of all types of corruption comprised of vessel owning and other companies active across the industry.

MACN's primary objective is to provide a network in which anti-corruption practitioners can create awareness of industry challenges, discuss these and jointly develop practical solutions focused on implementing MACN's Anti-Corruption Principles. MACN also collaborates with other key stakeholders, including governments and international organisations, to identify and address the root causes of corruption.

Through membership of MACN, BSM gains a platform for exchanging our experience and the ways in which we tackle corruption with other key industry participants, which will further enhance our anti-corruption initiatives across all of our businesses.

For further information visit the MACN Website.