The Isle of Man Ship Registry is close to setting up a representative office in Singapore as part of a concerted effort to engage more closely with Asian shipowners, Seatrade Asia online reports. The flag has made significant progress in attracting vessels from owners based in Singapore and the region in the past few years, according to the flag's director Dick Welsh.
“The Isle of Man Ship Registry sees Singapore as a strategic location and is delighted to find the right candidate to cover this important hub for the Asia Pacific region,” Welsh said.
The new Singapore office is also part of the implementation of the Isle of Man government's department of economic development's country strategy and will be a focal point for other businesses the Isle of Man government wishes to promote.
Since 2009, 20 vessels operated from Singapore have been registered under the Isle of Man flag, with three more due to be delivered before the end of 2012. This fleet represents around 12% of the Isle of Man registered fleet with a total gross registered tonnage of 1.7m.
“The Isle of Man Ship Registry sees Singapore as a strategic location and is delighted to find the right candidate to cover this important hub for the Asia Pacific region,” Welsh said.
The new Singapore office is also part of the implementation of the Isle of Man government's department of economic development's country strategy and will be a focal point for other businesses the Isle of Man government wishes to promote.
Since 2009, 20 vessels operated from Singapore have been registered under the Isle of Man flag, with three more due to be delivered before the end of 2012. This fleet represents around 12% of the Isle of Man registered fleet with a total gross registered tonnage of 1.7m.