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IOM Welcomes Ugland's 'Star Manx' To Shipping Registry

by Jason Gorringe, Tax-News.com, London

14 December 2009


The Isle of Man has welcomed another significant addition to its Ship Registry following the delivery of a new bulk carrier, the "Star Manx."

The official naming ceremony took place last week at the Tsuneishi Zhoushan Shipyard near Shanghai in China. The Star Manx is the second of three new vessels commissioned by Lars Ugland, the Douglas-based chief executive officer of LTU Management Ltd and Seven Mile Shipping, to carry the Manx name.

Sailing under the Isle of Man ensign, it has entered a five-year charter with Norwegian company Grieg Star Shipping and embarked on its maiden voyage to transport a bulk cargo of grain from Seattle to Japan. The vessel is an identical sister to the Caly Manx, which enabled the registry to surpass the 10 million tonne milestone in September when it was registered under the Isle of Man’s Red Ensign Group flag.

The construction and delivery of the Star Manx has further strengthened the Isle of Man’s relations with the Japanese Tsuneishi group, owners of the Zhoushan shipyard.

Dick Welsh, Director of the Isle of Man Ship Registry, said: “This is another important addition to the Manx fleet which continues to grow in size and influence each year. Awareness of the island as a maritime center of excellence is increasing, particularly in the Far East, and we intend to capitalize on that interest in order to generate further business opportunities. [We] look forward to the delivery of the 'Geraldine Manx' early in the New Year to complete the series.”


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