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The Marshall Islands ship registry passes 200 million gt

Photo: IRI Bill Gallagher of IRI
The world’s third largest ship registry – the Marshall Island Registry – has reached the milestone of over 200 million gt of vessels on its books.

Administrated by International Registries Inc. (IRI) the Marshall Islands Registry has just under 5,400 vessels and has doubled its fleet tonnage since 2014.

It is the only registry in the world to achieve 19 consecutive years on the United States Coast Guard’s QUALSHIP 21 programme and remains white-listed with both the Paris and Tokyo Memoranda of Understanding (MoU).

“Two hundred million gross tons is an incredibly important milestone for the RMI Registry, highlighting our long-term commitment to client service and quality shipping,” said International Registries, Inc. (IRI) President Bill Gallagher. “This accomplishment is the result of the expert technical support, quality administrative service, and collaborative approach we take to achieve success.”

“The RMI Registry has been internationally recognised as a quality flag State thanks to our excellent port State control records. This latest milestone underscores that owners and operators value our long-term commitment to high-quality compliance and excellence in client service, making us the Registry of choice,” noted IRI’s Chief Commercial Officer, Theo Xenakoudis.

IRI has made strategic investments in building a worldwide team of experts to address the evolving needs of the market, including the opening of new offices throughout Asia, Europe, and North America in key maritime and financial hubs.

The Marshall Islands is the world’s third largest ship registry behind Liberia and Panama. As of July 2023 the Liberian Registry had 246.5 million gt of vessels on its books.

The world’s fifth largest ship registry, the Singapore Registry of Ships, passed the 100 million gt milestone earlier this month.