FLEET HIGHLIGHTS PORT STATE CONTROL

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FLEET HIGHLIGHTS & PORT STATE CONTROL Seagoing vessels of any tonnage engaged in foreign trade and vessels under construcon are eligible for registraon in the Republic of the Marshall Islands (RMI). Vessels should be under 20 years of age at the me of registraon. Waivers may be granted for older vessels depending upon their condion and classificaon. Applicaons for vessels 15 years of age or older should be submied with a Status Report of the vessel’s Statutory Survey and Cerficaon and a copy of its latest Intermediate or Special Survey Report. Ownership of RMI registered vessels must be through an RMI business enty. Enes such as corporaons, general or limited partnerships, limited liability companies, or qualified foreign marime enes are sufficient for this purpose. The benefits of vessel registraon under the RMI flag do not stop once the registraon process is completed. Regulatory and technical assistance are available on the procedural aspects of operaons during the enre me the vessel is registered under the flag. Port State Control Detenon Trends (%) Marshall Islands Liberia Panama USCG 0.79% 1.24%* 1.08% 2.19% 3.01% 3.31% Tokyo MoU 1.54% 2.05% 5.18% Paris MoU 7.46%** 4.23% 6.02% AMSA * Liberia is targeted for addional PSC examinaons by the USCG for having a detenon rao up to two mes the overall detenon average. Sources: 2019 Port State Control Annual Reports. ** Liberia has exceeded the overall AMSA average detenon rate over the three years from 2017–2019 and is listed among the top five worst detenon rates by flag State.

Transcript of FLEET HIGHLIGHTS PORT STATE CONTROL

FLEET HIGHLIGHTS & PORT STATE CONTROL

Seagoing vessels of any tonnage engaged in foreign trade and vessels under construction are eligible for registration in the Republic of the Marshall Islands (RMI). Vessels should be under 20 years of age at the time of registration. Waivers may be granted for older vessels depending upon their condition and classification. Applications for vessels 15 years of age or older should be submitted with a Status Report of the vessel’s Statutory Survey and Certification and a copy of its latest Intermediate or Special Survey Report. Ownership of RMI registered vessels must be through an RMI business entity. Entities such as corporations, general or limited partnerships, limited liability companies, or qualified foreign maritime entities are sufficient for this purpose.

The benefits of vessel registration under the RMI flag do not stop once the registration process is completed. Regulatory and technical assistance are available on the procedural aspects of operations during the entire time the vessel is registered under the flag.

Port State Control Detention Trends (%)

Marshall Islands Liberia Panama

USCG

0.79% 1.24%* 1.08% 2.19% 3.01% 3.31%Tokyo MoU

1.54% 2.05% 5.18%Paris MoU

7.46%**4.23% 6.02%AMSA

*LiberiaistargetedforadditionalPSCexaminationsbytheUSCGforhavingadetentionratiouptotwotimestheoveralldetentionaverage.

Sources: 2019 Port State Control Annual Reports.

** Liberia has exceeded the overall AMSA averagedetentionrateoverthethreeyearsfrom2017–2019andislistedamongthetopfiveworstdetentionratesbyflagState.

SERVICES INCLUDE:

• Vessel/Yacht Registration• Mortgage and Lease

Financing Recordation and Documentation

• Vessel Inspection• Radio Station Licensing• Officer and Crew

Examination/Certification• Seafarers’ Identification

and Record Books• Technical Assistance• Investigations• Information on Maritime

Regulations and Port Activities

[email protected] www.register-iri.com

International Registries (U.K.) Limited in affiliation with the Marshall Islands Maritime & Corporate Administrators

Fleet Types through28February2021

Fleet Growth through28February2021

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VESS

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MILLIO

N GT

2019

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2021

VESSEL TYPE NO. OFVESSELS % OF FLEET % OF FLEET

GROSS TONSGROSS TONS

BULK CARRIERCONTAINERGAS CARRIERGENERAL CARGOMISCELLANEOUSMOUOSVPASSENGERTANKERYACHT

TOTAL FLEET (NO. OF VESSELS)

4,842TOTAL FLEET (GROSS TONS)

180,131,113

1,717330205157

79161251

171,291

634

40%10%

9%3%

0.25%4%

0.28%0.30%

34%0.11%

72,227,16117,915,31415,314,960

4,764,694441,652

6,608,886512,162534,030

61,618,222194,032

35%7%4%3%2%3%5%

0.35%27%13%

The RMI Maritime Registry is one of the leading registries in the world surpassing 180 million gross tons at the end of February 2021. The RMI is not only white listed with the Paris and Tokyo Memorandums of Understanding (MoUs), but has also maintained QUALSHIP 21 status with the United States Coast Guard for 16 consecutive years, which is unprecedented. In addition, the RMI meets the flag criteria for a low risk ship under the Paris and Tokyo MoU’s New Inspection Regimes. These factors, in addition to the Registry’s investment in people and expertise, also contribute to the overall growth of the Registry. The most important asset to the RMI Registry is its customers, and IRI strives to provide them with full service from any of its 28 worldwide offices, 24 hours a day, seven days a week.