Embed Size (px)
Citation preview
December 2013
Why Isle of Man?
• A quality flag which matches
client’s expectations
• A centre of maritime excellence
• Building lasting relationships
• Providing the ideal solution
• Putting the client first
Low Cost
High Quality
Great Service
Isle of Man offers support
• Full Isle of Man Government support for
shipping
• The right to fly the "Red Ensign" and
access the support of British consular
services world-wide
• Technical support and information
provision for new conventions and
regulations e.g. ILO Maritime Labour
Convention 2006
Isle of Man offers lower risk
• The Isle of Man Ship Register is high quality and
one of the world’s best:
Paris MOU White List
Tokyo MOU White List
USCG Qualship 21
• Top of Industry’s Flag State Performance Table
• Less scrutiny of Isle of Man ships in ports around
the world
Isle of Man is business friendly
• Easy for shipyards – No change to standard specification
used for Panama
• Pragmatic approach to regulation
• Strong focus on customer service and relationship building
• Crew matters - simple & speedy STCW endorsements
• In-house technical expertise , advice, and assistance.
• 24/7 assistance guaranteed
Isle of Man offers value
• Low cost:
no tonnage dues
no annual inspection fees
no consular fees
no casualty investigation fees
• High quality register with the prestige this brings
• Discount scheme for multi-ship fleets registered (up to 25%)
• Non-profit making maritime administration funded by government
• Annual registry fee £1200 per year
• Block fee scheme available for survey and audit fees
Growth of Register
0
100
200
300
400
500
600
Ships
Superyachts
Tonnage Growth in GRT(m)
5
7
9
11
13
15
17Se
p-0
3
Jan
-04
May
-04
Sep
-04
Jan
-05
May
-05
Sep
-05
Jan
-06
May
-06
Sep
-06
Jan
-07
May
-07
Sep
-07
Jan
-08
May
-08
Sep
-08
Jan
-09
May
-09
Sep
-09
Jan
-10
May
-10
Sep
-10
Jan
-11
May
-11
Sep
-11
Jan
-12
May
-12
Sep
-12
Jan
-13
May
-13
Fleet by vessel type
Oil Tanker
Dry Cargo
Bulk Carrier
Gas Carrier
Oil/Chem Tanker
AHTS
Supply Vessel
Container Ship
Others
Vehicle Carrier
Cable Ship
MODU
Tug
Cargo Ro-Ro
FPSO
Oil Tanker
Bulk Carrier
Dry Cargo
Gas Carrier
Oil/Chemical Tanker
AHTS
Supply
Registry Statistics as at 30 Nov 2013
• Merchant Ships >500GRT 392 • Merchant Ships >500GRT (Demise-in) 47 • Commercial Yacht >24m 102 • Pleasure Yacht 324 • Small Ships (local vessels <24m) 123 • Fishing Vessels 71 Total 1059 • Total Gross Registered Tonnage 16.13 million • Average Age 11.5 years
541
0
50
100
150
200
250
Competition – Top 20 flags by GRT The top 5 registries
together account for
50% of World’s GRT Statistics – Clarkson’s World Research
Registry – 5 year cost comparison
0
20000
40000
60000
80000
100000
120000
Supply V/L (2,800GRT) Handymax (26,000GRT) Panamax (40,000GRT) Capesize (80,000GRT) VLCC (150,000GRT)
Bahamas
Hong Kong
Liberia
Marshall Is
Panama
Isle of Man
Clients include: Denotes - Isle of Man office
Class Societies:
Pilot Approval Project in process
Ownership
• EU/EEA countries
• UK Territories
• British Commonwealth countries
• Australia, Bahamas, Canada, China, Hong Kong, India,
Japan, *Monaco, New Zealand, Pakistan, Russia,
Singapore, South Africa, *Switzerland, United Arab
Emirates, USA
• Panama, Liberia, Marshall Islands
Ship Ownership structures are accepted from :
* Added to the list April 2013
Crew matters
• Issued from the Isle of Man
• Extensive number of accepted countries
• Simple and speedy process
STCW endorsements
• Flexible manning requirements
• Safe Manning documents issued
Manning
• Recognised by Shipping Unions (not FOC)
• Crew complaints procedure direct to Flag
ILO/ITF
Survey coverage – Isle of Man surveyors Miami/Rio de Janeiro/Isle of Man/Aberdeen/Hamburg/Nice/Viareggio/
Singapore/Manila/Hong Kong/Shanghai//Brisbane
Headquarters survey office
Contract surveyor location
The Isle of Man
• Secure Government
• AAA/AA+ rated jurisdiction
• Preferred flag by banks and insurers
• Located in Europe but not EU member state
• Tax friendly – OECD white listed
• 0% corporate tax
• British Isles but NOT part of UK
• Independent of UK for Tax matters
• VAT linked with UK
• Shipping centre with maritime tradition
Economic Benefit
• Centre of excellence providing: – Ship Management – Crew Management – Yacht Management – Commercial management – Private Client Services – Insurance – Fiduciary & Corporate Services – Ship Finance – Legal Services – Chartering and commercial operations – Representative Services for Manx registered ships
• Local maritime sector: – 580 Employees – Average Salary > £45K – Local spend (excl. Salaries) > £70m
Dick Welsh C.Eng; M.I. Mech.E
Director
St. George’s Court
Upper Church Street
Douglas
Isle of Man
IM1 1EX
BRITISH ISLES
Tel: +44 (0)1624 688500
Mob: +44 (0)7624 451242
www.iomshipregistry.com
