shipregistries's blog

Feature/Interview: The Cayman Edge: How To Set Up An Offshore Fund

The following was brought to our attention recently. With the complexity of dealing with various jurisdictions getting accurate information is critical.

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The state of scrapyard flags: A serious economic incentive. But is it worth the trouble?

Until the 1960’s, shipbreaking generally occurred in industrialized nations.  However, environmental and human safety regulations jolted the industry when the Basel Convention, IMO, and ILO required newer, mechanized procedures for shipbreaking in the European Union. 

Bermuda Ship Registry secures fourteen commercial Team Tankers vessels

Earlier in 2015, Team Tankers International simultaneously registered of its vessels with the Bermuda Shipping Registry, according to a news source in Bermuda.  There were several possible explanations for why Team Tankers chose Bermuda, most all of which attest to the positive and reputable performance of Bermuda’s Department of Maritime Administration (DMA):

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Marshall Islands fleet sees staggering growth rates continue into 2015

The size of the Marshall Islands fleet tells a Cinderella story about one of the most modern open registries in the world today, Clay Maitland’s International Registries Inc. (IRI).

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A Tale of Two Subsidies: Nigeria’s valiant domestic shipping initiatives look like night and day

Over the past decade, the Nigerian government has committed to two initiatives aimed at strengthening the nation’s maritime sector, one for its local seafarers and the other for its commercial fleet.  While some major African online media sites are reporting that its domestic seafarers’ training subsidy program is succeeding with flying colors, there seem to be dubious politics

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International Chamber of Shipping (ICS) Releases 2014/15 Flag State Performance Tables

This month, the International Chamber of Shipping released its annual Shipping Industry Flag State Performance Table for the fiscal year 2014/15.  It is available at the link below:

http://www.ics-shipping.org/docs/flag-state-performance-table

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Liberia continues to lead the way as sustainable shipping leader with ratification of the Nairobi Wreck Removal Convention (WRC)

Last month, the Liberian International Ship and Corporate Register (LISCR) became the first major ship registry to ratify the 2007 Nairobi Wreck Removal Convention (WRC), which is set to go into effect on April 14th, 2015.  Liberia is one of eight flag states that have ratified the convention.  Other flag states, including Panama, have announced their intention to ratify th

Seagull Maritime breaks barrier with training center approval from Panama registry

Last week, the Panama Maritime Authority (PMA) approved Seagull Maritime Security’s security program for its employees, granting them approval for offering a suite of computer-based, on-board training programs to ships operating under Panama’s flag.  The PMA performed rigorous due diligence on Seagull Maritime’s training process before waving the green flag.

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Maritime Security Succeeds on the High Seas: Will Regulations Allow Floating Armories To Remain Relevant?

When the most recent barrage of pirate attacks and hijackings on commercial vessels began at choke points in and around the Arabian Sea several years ago, ship owners sought to beef up on-board security.  A common practice today is for charterers and ship owners to hire maritime security companies to provide armed guard protection.  Recently, security firms have begun subcontracting t

McCain's Anti-Jones Act amendment to Keystone XL fails

Last week, the Senate approved and passed the Keystone XL bill with a suite of amendments.  Sen. John McCain’s (R-Arizona) amendment to repeal the built-in-America provision of the Jones Act was not among those included.  The House of Representatives has already passed its own version of the bill, and they are set to consider the amendments proposed by the Senate this week.

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