IRI

January 2016

Vol. 26, No.1

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).

The Marshall Islands Registry paid tribute to Marine Money and OGSR Chairman Jim Lawrence at the Marine Money Week cocktail reception last Wednesday, June 18th.

The Marshall Islands flag is commemorating the achievement of 100 million gross tons.

In the following interview, International Registries Inc.

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.

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.