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Marshall Islands now third largest open registry

Marshall Islands now third largest open registry

Hong Kong: The Marshall Islands Registry moved into position as the world's third largest open registry with more than 52.3 million gross tons and 2,102 registered vessels. The World Fleet Monitor, published by Clarkson Research Services, ranked the Marshall Islands as third in its January 2010 launch issue.  According to the publication, the Marshall Islands was also the fastest growing of the top four registries last year. The Registry, which is administered by International Registries, Inc. (IRI), attributes its success to the continued decentralization of registry services to its 20 worldwide offices, its client service ethos and the fact that it continues to post top safety and environmental scores with global port States.?To that end, the Marshall Islands Registry remains the only major open registry to be included on the US Coast Guard's Qualship 21 roster for four years in a row. The Registry also maintains its white list status on both the Paris and Tokyo MoUs. Clarkson's also notes in the World Fleet Monitor that the Marshall Islands has the youngest fleet among the top ten registries. [29/01/10]

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