Monday 24th Oct 2016 - Logistics Manager

Manx flag attracts more vessels

The Isle of Man Ship Registry, which celebrates its 25th anniversary this year, has announced the addition of the “Caly Manx”, a £21.7 million bulk carrier, to its fleet. The ship, commissioned by LT Ugland,  will be unveiled and transferred to sail under the Isle of Man’s Red Ensign Group flag on 30th September.

The present-day Registry was established in 1984 and now has 452 merchant vessels and other commercially operated vessels. The registry has amassed a combined tonnage of ten million gross registered tonnes.

Dick Welsh, director of the Isle of Man Shipping Registry said: “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.”

As well as the right to fly the Red Ensign, the Manx Registry promises the support of British consular services and Royal Naval protection world-wide, low costs, and with a favourable tax regime.

* The UK Ship Register has also been growing since it was formally re-launched in February 2007 reaching the 17m tonne mark in June 2009. Since the relaunch the register has increased by 112 ships and over 4.1 million GT. It now stands at 1,565 ships with a total GT of 17,076,898.