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IOM Ship Registry Profile Raised At Shanghai Inauguration

by Robert Lee, Tax-News.com, London

13 October 2009


The launch of a 190-meter bulk carrier in China has helped to raise the international profile of the Isle of Man Ship Registry and build a number of important new business relationships, the shipping registry has announced.

A delegation from the Isle of Man government and registry went to the Tsuneishi Zhoushan Shipyard near Shanghai, for the official naming of the Caly Manx. The vessel is to sail under the Manx ensign, and is of particular importance as it enabled the registry to pass its 10 million tonne milestone.

The delegation was led by the Isle of Man’s Chief Minister Tony Brown, supported by Trade and Industry Minister David Cretney, and Director of the Ship Registry Dick Welsh, and was joined by an influential gathering of leading owners and operators from Norway, Denmark, Japan, Singapore and Cayman Islands. The mission to Shanghai supported efforts to promote further awareness of the island’s ship registry, which this year celebrates its 25th anniversary.

The Caly Manx's construction was commissioned by Lars Ugland, the Douglas-based Chief Executive Officer of local shipping companies LTU Management Ltd and Seven Mile Shipping. It is the first of three new cargo ships to carry the Manx name, with Star Manx and Geraldine Manx scheduled for delivery on November 30, 2009 and January 25, 2010, respectively.

Commenting on the success of the event, Brown said: “The Isle of Man is home to a dynamic and successful shipping industry that is renowned throughout the maritime world for its high standards. This visit enabled us to highlight the many advantages of the Isle of Man Ship Registry through a series of meetings in China with business leaders and shipyard owners.”

Welsh added: “The visit to China could generate further business opportunities for the Isle of Man Ship Registry as the cost and quality benefits of sailing under the Manx ensign become clear. The head of one of Japan’s most prestigious ship building corporations has already declared his intention to register the company’s next vessel in the Isle of Man.”

“In the last year, we have seen growing interest from the Far East and this delivery provided the perfect opportunity to generate business for the Isle of Man Ship Registry, as the cost and quality benefits of sailing under the Manx ensign become clear.”

“Overall this was a tremendous opportunity to showcase the Isle of Man,” Welsh concluded.


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