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Isle Of Man To Exhibit Shipping Sector At Scandinavian Forum,
by Jason Gorringe, Tax-News.com, London
Wednesday, June 10, 2009
As part of the Isle of Man’s Ship Registry’s ambition to strengthen
its position in the Scandinavian market, the fast-growing Red Ensign Group flag
will highlight its approach and showcase the benefits of the registry at next
week’s Norshipping forum.
As well as the strong historic links between the Isle of Man and Scandinavia,
the Island has seen a significant recent increase in interest from Scandinavian
ship owners and operators in its registry.
Now in its silver jubilee year, the Isle of Man Ship Registry offers owners
and operators an attractive combination of an internationally recognised high
quality flag, strong and dependable personal service, and favourable fee structure.
As well as only levying a one-off – rather than tonnage-based - registry
fee, the island also showed its responsiveness to customer needs earlier this
year by freezing its annual fee schedule at last year’s rates –
an acknowledgement of the difficult operating conditions which many customers
are facing.
Anne Blythe, Senior Registrar for the Isle of Man Ship Registry commented:
“Norshipping is a valuable platform for us to meet like-minded individuals
from this area. Many of those attending the conference will be aware of the
great benefits of registering with the Isle of Man. We believe the current economic
uncertainty affecting the shipping world is a strong opportunity for the Isle
of Man to showcase that we are listening and responding to the needs of operators
and owners, delivering superior service with a favourable fee structure.”
Minister for Trade and Industry, David Cretney commented: “As one of
the most important regions in the shipping world, having a presence at Norshipping
is essential for the Isle of Man. Over 25 years, we have built up a world-leading
shipping infrastructure, offering formidable expertise in ship management, surveying,
legal, financial and corporate services, and our own customer-focused registry
team. All this, coupled with our agile and supportive regulatory and political
framework, makes for an attractive proposition to those in the industry looking
for a high quality one-stop-shop.”
Benefits of registering a vessel in the Isle of Man include:
A professional Ship Registry providing a high quality of service 24/7
A favourable taxation regime designed to encourage business
Reputation for fleet quality in all the port state control regions of the world
A range of professional services designed to support shipping
The right to fly the "Red Ensign" and access the support of British
consular services and Royal Naval protection world-wide
Flexibility in the requirements for registered owners including acceptance of
Limited Partnerships
The availability of Demise registry both "IN" and "OUT"
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