Marshall Islands becomes the world's second largest ship registry

Theo Xenakoudis, International Registries Inc Theo Xenakoudis, International Registries Inc

The Marshall Islands has overtaken Liberia to become the world’s second largest ship registry boosted by Greek and Chinese owners.

The Republic of the Marshall Islands (RMI) fleet now stands at 223,262,177 dwt making it the second largest registry in the world in deadweight tonnage terms administrators International Registries Inc (IRI) said in a statement.

"This is a very significant milestone for the RMI Registry," said Bill Gallagher, president, IRI.

IRI in particular credited the support of traditional Greek owners and newer Chinese owners.

RMI is the leading Greek flag 18.9% of the fleet in deadweight terms with some 79 ships totalling 62.19 dwt.

“We are delighted that our Greek owners and operators continue to hold the RMI Registry in such high regard which has been reflected in the Greek Shipping Co-operation Committee's March 2017 Greek Controlled Shipping Report which shows the RMI as the number one choice of flag for Greek owners and operators," Theo Xenakoudis, director, worldwide business operations and managing director of the Piraeus office for IRI. 

Panama remains by far the world’s largest ship registry, with RMI moving ahead of Liberia in deadweight tonnage terms.

Posted 22 March 2017

© Copyright 2019 Seatrade (UBM (UK) Ltd). Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade.

Marcus Hand

Editor, Seatrade Maritime News

Read more stories like this...

Sign up to the Seatrade Maritime Newsletter and get stories like this delivered to your inbox.

Subscribe Now >

ShipTech Storybox

Seatrade ShipTech Middle East

23 – 24 September 2019 | Madinat Jumeirah, Dubai

The knowledge hub of technological advancements for the shipping sector. Learn, discover and experience new technologies and optimise operational efficiencies.

View 2019 programme >