The Isle of Man Ship Registry has become the first flag state to join the Getting to Zero Coalition, an industry-led alliance working towards decarbonising the international maritime shipping sector.
Established in 2019, the Coalition is a partnership between the Global Maritime Forum, the Friends of Ocean Action and the World Economic Forum. Its members include more than 120 organisations from the maritime, energy, infrastructure and finance sectors.
The Coalition says the development and deployment of commercially viable, deep-sea zero-emission vessels by 2030 is key to achieving the International Maritime Organisation’s target of reducing greenhouse gas emissions from shipping by at least 50 per cent by 2050 compared to 2008 levels.
The Isle of Man Ship Registry is one of the world’s leading registers of ships and super yachts. It believes flag states have an important role to play in promoting green shipping and helping the industry meet IMO environmental targets.
Cameron Mitchell, Director of the Isle of Man Ship Registry, said: “It is our collective responsibility to respond to the climate emergency by taking action to effect real change for the benefit of our environment and industry. The Getting to Zero Coalition brings together a diverse range of organisations and we are looking forward to working closely with them to help make commercially viable, zero-emission vessels a scalable reality.”
Mitchell added: “As a flag state we work in partnership with shipping lines, classification societies and shipyards around the world to ensure compliance with IMO rules. Our expertise, experience and existing relationships with key sector organisations mean we are well placed to champion the Getting to Zero message and support exciting new initiatives to decarbonise shipping.”
Johannah Christensen, Managing Director, Head of Projects & Programmes, Global Maritime Forum, a Partner of the Getting to Zero Coalition said: “The coming decade will be decisive for the future of global seaborne trade. We look forward to working together with the Isle of Man Ship Registry to deliver on our common vision of decarbonized shipping.”
The Isle of Man Ship Registry is ranked 17 in the world by Clarksons in terms of tonnage with around 14 million gross tonnes, 400 ships and 11,000 seafarers under its flag. The Registry has held top spot on the Paris MoU Port State Control whitelist and is firmly on the whitelist in the Tokyo MoU rankings. It is also one of the high-performing flags on the US Coast Guard’s Qualship 21 scheme.
Isle of Man Ship Registry background
Based in Douglas on the Isle of Man, the Isle of Man Ship Registry is one of the most respected registries in the world, consistently appearing at the top of the Paris MoU White List which ranks registries by performance.
The Registry is a quality flag of choice, a bespoke choice, that offers reliability and quality of service. The registry is a Category One member of Red Ensign Group and International Registry.
The registry is run by a team of professionals dedicated to providing the very best in service. Backed by sophisticated electronic systems, the register is able to register ships quickly and efficiently to suit all time zones and has on-line systems to smooth the processes for clients. An ISO 9001 and 14000 certified organisation, the Ship Registry operates efficiently and consistently to exceed the standards expected of a modern Flag State.
With its in-house technical expertise, the register provides advice and regulatory oversight for the ships and yachts on the register, in a pragmatic and commercially sensitive manner. This partnership working and service-culture is what attracts clients to register more of their ships in the Isle of Man. Its portfolio of clients includes many of the world’s blue chip ship owners and prestigious super yachts.
With 24/7 response and a growing network of surveyors in key locations, the Ship Registry provides a swift response to allow owners and managers to keep their ships operating in a competitive global industry. Backed by a Government that strongly supports the maritime sector, the Registry is operated on a cost-neutral platform, allowing its fee structure to be extremely competitive.
The Isle of Man Ship Registry offers high quality and superb service at a low cost. The registry combines all fees into one annual fee payment whereas some open registries charge for almost all additional services. At the Isle of Man Ship Registry there is no annual tonnage tax based on size of ship, no inspection fee, no consular fee, no casualty investigation fees and it offers a discount for multi ship fleets as well as fee incentives for environmentally friendly ships. This combination of quality service and a competitive fee structure ensures clients receive great value for money.
