Dubai: International Registries, Inc. (IRI), the Administrator of the Marshall Islands Maritime and Corporate Registries, has further expanded its worldwide network with the simultaneous opening of offices in Dubai and Houston, which it describes as the twin hubs of the global energy sector. The Registry says this expansion enables it to further augment its services and will provide clients in these areas with the full expertise at its disposal in their local regions.
"Opening offices simultaneously in Houston and Dubai is testimony to the obvious link that exists between these two markets and their importance to the Marshall Islands Registry," said Bill Gallagher, President, IRI. "The energy sector of the industry spans the globe but its lifeline in terms of business rests between these two regions."
The Dubai office is headed up by Capt. Amarjit Kauchher, former Manager Quality Assurance for International Tanker Management Ltd. Dubai with over 20 years experience at sea. He joined the Registry in February 2009 and formally opened the office in Dubai on 1 April 2009. The office is adjacent to Lamcy Mall at the Sultan Business Centre.
One component of IRI's decentralization strategy has been to focus on areas of significant growth and development to the Registry's client base. Over the past five years, in addition to increased interest from shipowners in both regions, there are on average, 430 Marshall Islands vessels calling at ports in the UAE and 695 Marshall Islands vessels calling at ports in Texas per year. An increase in the number of inspections taking place in these areas has also been observed. At the end of the first quarter of 2009, the Registry stood at more than 1990 vessels and 48.2 million gross tons with more than 61% of the fleet involved in the energy sector of the shipping industry. [06/04/09]
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