Shipping Registry receives recognition

The Cayman Islands international business sector is set to gain another promotional boost with a new publication by the Cayman Financial Review with the support of the Cayman Islands Shipping Registry.

A special CFR supplement focused on the island’s shipping registration industry will be published by CFR and will feature numerous articles providing investors with information on the country’s shipping registration sector and the international business sector more generally.

The publication will be sent to over 40 countries to a specialist group consisting of financial services professionals ranging from lawyers, to investment advisors and bankers among others, states a press release.

It will also be distributed to potential investors via the Cayman Islands Investment Bureau offices internationally as well as other Cayman Islands government offices.

‘As the only local magazine which promotes the Cayman Islands international business sector, this initiative by the Cayman Financial Review is very welcomed by the Shipping Registry’ says Mr. Joel Walton, CEO of the Cayman Islands Shipping Registry. ‘This special publication is poised to give important exposure for one of the most established areas of our international business sector and is appropriate given our current celebration of the 102nd anniversary of the Shipping Registry’, he added.

CFR is known for producing special supplements regularly in the areas of hedge funds, captive insurance and banking and trust, but this special supplement marks a first for the shipping registration industry. ‘The Cayman Islands shipping registration sector is an established and vibrant part of the country’s international business sector and we are very pleased to partner with the Cayman Islands Shipping registry on this initiative’, said Paul Byles, publisher of the Cayman Financial Review.

The special publication will present a unique opportunity for local service providers to reach a wide international audience and in turn will benefit individual organisations within the financial services sector and the Cayman Islands more generally.

The ISR has over 1,600 vessels on its register and is head-quartered in the Cayman Islands with a branch office in the UK and representatives in Greece, Holland and Japan. The CISR, which celebrates its 102nd year of operations this year, is now a division of the new Maritime Authority of the Cayman Islands which came into being on July 1, 2005.

The special publication will be produced before the end of the year and institutions interested in advertising in it can contact Nathan Miller at CFR on 946 6000 of [email protected].