Cayman has been recognized by an international shipping organization as one of the top flags for ships to register under. The ranking means Cayman’s commercial ships and ports follow major international maritime treaties, have good port controls, and high standards for crew training, safety and conditions.
The United Kingdom-based International Chamber of Shipping released its annual performance reviews for flag states earlier this year, ranking Cayman among the 14 best-performing countries and territories for maritime flags.
Joel Walton, head of the Cayman Islands Shipping Registry, said in a statement released by the Maritime Authority of the Cayman Islands, “We are very pleased to again be valued as one of the world’s leading flags and we will continue to strive towards excellence. I congratulate our team on upholding these standards every day and ensuring that ship-owners can carry the Cayman flag with pride.”
Three British overseas territories – the Cayman Islands, Bermuda and the Isle of Man – are on the list of top countries for flagging commercial vessels, relying on the United Kingdom for membership in several treaties, reporting requirements and required meeting attendance.
Compiled through publicly available information, the Chamber report states it is intended to help ship owners choose where to register a vessel. The organization also hopes to encourage owners and operators to put pressure on areas that should do better, “especially in relation to safety of life at sea, the protection of the marine environment, and the provision of decent working and living conditions for seafarers.”
Joining the United Kingdom territories at the top of the Chamber of Shipping list are Denmark, France, Greece, Japan, Liberia, Marshall Islands, Netherlands, Norway, Korea, Russia and the UK.
At the bottom of the list are several Asian and African nations, including Tanzania, Mongolia, Moldova, Cambodia and Sierra Leone, citing those countries for not following standards on port control, safety or working conditions.