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Marshall Islands flag to offer 30% discount for Green Award-certified ships

Leading ship registry the Republic of the Marshall Islands (RMI) Registry is doing its part to encourage green shipping with the signing of an agreement with voluntary international certification scheme Green Award where the flag will give a 30% discount on the annual marine services fee for Green Award-certified ships.

The Green Award is a voluntary international certification scheme for ships that goes beyond the industry’s regulations in terms of safety, quality, and environmental performance and the discount will be an incentive to motivate further efforts for excellence.

Green Award chairman Dimitrios Mattheou called this cooperation a huge step in the direction of an environmentally conscious and safe maritime industry of the future. “Striking a balance between economically sound and environmentally and socially responsible shipping is of paramount importance. That’s a task for the entire maritime community. By supporting Green Award, the RMI Registry joins the frontrunners of the industry actively taking measures to reduce their ecological footprint and encourage improvement of safety,” he continued.

Read More: Top industry players join UAE-based green container shipping consortium

”Age is often an indicator of a greener fleet, and the RMI fleet is the youngest of any of the top 10 registries.  We have always aimed to make our fleet environmentally friendly and so we are pleased to see that more than 16% of Green Award vessels are RMI flagged. The RMI has also maintained its Qualship 21 status for 14 consecutive years and, in addition, more than 28% of the United States Coast Guard’s E-Zero designation vessels are RMI flagged. It is noteworthy to see that so many RMI owners and operators are going beyond the industry’s standard for environmental performance measures,” said Theo Xenakoudis, director, Worldwide Business Operations of International Registries Inc. (IRI), which provides administrative and technical support to the RMI Registry.

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