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Manx Registry Wins Green Award

by Jason Gorringe, Tax-News.com, London

27 August 2015


The Isle of Man Ship Registry received recognition from the local Government in its recent 2015 Energy Awards, which recognizes the achievements of local private and public sector organizations in making improvements to their energy efficiency and reducing energy consumption and associated costs.

The Registry won the award for Biggest Saving, received for the introduction of its Green Ship Incentive Scheme, which rewards shipping companies who adopt energy efficient designs.

David Morter, Deputy Director of the Isle of Man Ship Registry, commented: "We were delighted to win this award. The International Maritime Organization has stipulated that all new vessels must be more energy efficient. Our scheme is simple - build or operate a vessel that exceeds the current applicable standards and we will discount your registration fees."

The initiative was introduced on April 1, 2014. For vessels that qualify, the scheme provides for a 25 percent reduction to the cost of a Certificate of Registry for new registrations and a 10 percent discount to the annual registration fee (for vessels already registered in the Isle of Man).

Tony Wild, the Department of Economic Development's political member with responsibility for energy, said: "I would like to congratulate this year's winners who have all demonstrated significant energy savings over the course of the past year. These organizations are helping to support the Government's energy policy for the Isle of Man which aims to secure the efficient use of affordable energy and to minimize the impact of our energy use on the environment."

TAGS: Isle of Man | marine

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