Marshall Islands

The Marshall Islands Registry, already a longstanding member of the Paris MoU White List, is taking action to even further improve its standards.

TradeWinds reports:

The Cayman Yacht Forum took place in Fort Lauderdale, FL yesterday featuring speakers representing Alley, Maass, Rogers & Lindsay; Maples and Calder, and our Official Guide to Ship & Yacht Registries.

The Marshall Islands Registry is poised to surpass the 100 million gross tons mark by the end of this year.

International Registries, Inc.'s worldwide business operations officer Theo Xenakoudis quoted the fleet as approximately 95 million gt at the 12th Annual Marine Money Asia Week this week.

This week Communications Director of the Liberian Registry Allison Williams submitted a letter to Lloyd's List challenging its claim that the Marshall Islands fleet "appears to be growing faste

The Marshall Islands fleet surpassed 85 million gross tons at the end of September.

The world's third-largest registry is growing at a more rapid rate than each of the top two registries, Panama and Liberia.

The flag is benefiting from rising newbuilding deliveries increasing the global fleet size.

Its gross tonnage has risen almost 14% over the past year.

The Marshall Islands registry expressed support for Greece at Posidonia earlier this month.

TradeWinds reports:

Fears that political and economic instability in Greece could prompt an exodus from shipping’s capital city are starting to subside following elections which set the stage for a collation government.