28-05-2016

Marshall Islands ship registry rises 12.5pc in 2015

Marshall

THE Republic of the Marshall Islands (RMI) Maritime and Corporate Registries has reached another milestone, after its registered fleet surpassed 131 million gross tons in March, up from 100 million gross tons in early 2014.

As noted in the January issue of Clarksons Research's World Fleet Monitor, the Registry had a 12.5 per cent increase in tonnage in 2015, and has the youngest overall fleet age of 7.9 years in the industry. This growth is due in large part to IRI's model of decentralisation, which allows worldwide registry personnel to provide services 24/7 from its 27 office locations.

More than 35 per cent of RMI Seafarer's Identification and Record Books (SIRB) are issued to Philippine seafarers, making IRI's Manila office a key location for issuing seafarers' documentation. 

With the Manila Amendments to the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) coming into force on January 1, 2017, many seafarers will require new or refresher training and certification. 

Said the registry's Asia chief Annie Ng: "The Far East is integral to the growth of the RMI Registry, with both the Republic of Korea and Japan in the top 10 shipowning countries of the RMI fleet."

Source: Schednet

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