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The Isle of Man has been the fastest growing flag over the last five years
Tuesday, June 09, 2015
The Isle of Man Ship Registry has moved into 13th place in the Clarkson's table of the world's Flag States by tonnage.
Figures taken from IMO GISIS show that the Isle of Man has been the 6th fastest growing flag over the past ten years and the 5th fastest growing flag over the last five years.
In terms of European-based flags, the Isle of Man Ship Registry has been the fastest growing flag over the last five years and the second fasted growing flag over the last ten 10 years.
Although the Isle of Man fees are not based on tonnage and hence provide excellent value, it is data like this which is used to compare international Flag States and the figures show that the Isle of Man continues to punch above its weight on the world stage.
With a healthy pipeline of vessels under construction for Isle of Man Flag, this trend looks set to continue and we thank all of our owners and operators for their custom and commitment to the Isle of Man.
To find out more about the Isle of Man Ship Registry, please visit their member profile.