IoM Ship Registry Tops Performance Table

by Amanda Banks, Tax-News.com, London

26 November 2010

The Isle of Man’s Ship Register has been named one of the best registers in the world after emerging with no potential negative performance indicators in the 2010 Shipping Industry Flag State Performance Table.

Registers are measured annually on their performance on 19 objective criteria including convention ratifications, designated recognized organizations and fleet age. Only five other registers were rated the same as the Isle of Man: Denmark; France; Germany; Greece; and Norway.

Welcoming the report’s appraisal of the Isle of Man registry’s high standards, the island’s Minister for Economic Development, Allan Bell, commented: “This is a fantastic achievement by the Isle of Man Ship Registry and reinforces our commitment to maintain the Isle of Man as a leading international business centre renowned for professionalism and a longstanding policy of positive engagement with international standards. I would like to congratulate the team at the Isle of Man Ship Registry for ensuring the Isle of Man remains a world-class location for ship registration.”

Department Member with responsibility for shipping, Alex Downie, added: “This is another very important endorsement for the Isle of Man’s ship register from the international maritime community.”

Downie continued: “Following on from our high placing on the Paris MoU White List and entry to the United States Coast Guard Qualship 21 Scheme earlier this year, I am delighted that we have demonstrated our standing as one of the leading registers in the world.”

Concluding, the Director of the Isle of Man Ship Registry, Dick Welsh stated: “Accolades like this are so valuable as this is the industry’s perspective. Topping the table rewards the staff for all their hard work in maintaining standards, but it also rewards the clients whose quality performance of their vessels is assessed. As long as we maintain the framework and quality approach to allow us to stay at the top, our clients do the rest. It is this partnership which really works well for the Isle of Man.”

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