MARSHALL ISLANDS' FLEET ?NOW 3RD LARGEST?
The Marshall Islands Registry is now the world"s third largest open registry with more than 52.3 million gross tons and 2,102 registered vessels according to Clarkson Research Services' publication The World Fleet Monitor.
Clarkson's also says the Marshall Islands was also the fastest growing of the top four registries last year. The Registry, which is administered by International Registries, Inc. (IRI), says it attributes its success to the continued decentralization of registry services to its 20 worldwide offices, its client service ethos and the fact that it continues to post top safety and environmental scores with global port States.
IRI says that the Marshall Islands Registry remains the only major open registry to be included on the US Coast Guard"s Qualship 21 roster for four years in a row. The Registry also maintains its white list status on both the Paris and Tokyo MoUs. Clarkson"s also notes in the World Fleet Monitor that the Marshall Islands, IRI says, has the youngest fleet among the top ten registries.
?We are delighted that the Registry"s growth trend continues to point upward and pleased to have an excellent complement of owners and operators registered with the flag. One of the trends we have been watching is the tonnage coming into the Registry and where it is coming from. In 2009, we saw more than 70% of the tonnage entering the Registry as newbuilding tonnage whereas in 2008, only 50% was newbuilds. Not surprisingly, newbuilds engaged in the energy sector of the market make up 70% of this tonnage,? said IRI president Bill Gallagher.