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IOM Registry Passes Major Milestone

by Jason Gorringe, Tax-News.com, London

02 September 2009


The Isle of Man Ship Registry, which recently announced it had passed the 10 million tonne milestone in its fast-growing fleet, this week announced the addition of a GBP21.7m bulk carrier.

The 190-metre ‘Caly Manx’ will be unveiled and transferred to sail under the Isle of Man’s Red Ensign Group flag at a naming ceremony on September 30.

A top level Isle of Man delegation, led by Chief Minister Tony Brown, will attend the event at the Tsuneishi Zhousan Shipyard near Shanghai as part of an intensive, week-long trade mission to China.

The delegation, which will include Manx Trade and Industry Minister David Cretney and Ship Registry Director Dick Welsh, will hold briefings to build awareness among Chinese government officials and business leaders of the Ship Registry, and of the island as a leading international business centre.

Dick Welsh, Director of the Isle of Man Shipping Registry commented this week that:

“In the last year, we have seen growing interest from China and elsewhere in the Far East, and this is the perfect opportunity to communicate the benefits of registering with the Isle of Man. Our fair fee structure, exceptional service levels and commitment to the highest standards have attracted an increasingly international client base, and we look forward to welcoming the Caly Manx as the latest addition to our fleet.”

David Cretney announced that:

"We are most grateful for this opportunity to witness the delivery of the Caly Manx and also to develop the island’s interests in the international arena. China possesses one of the world’s most powerful economies, so it is important for the Isle of Man to strengthen its links via a series of face-to-face meetings with influential contacts.”


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