The International Chamber of Shipping featured the Cayman Registry as one of the top-of-class states in its 2016/2017 annual Flag State Performance Table for the sixth year running.
The International Chamber of Shipping is the principal international trade association for the shipping industry, committed to the technical, legal, employment affairs and policy issues affecting international shipping.
The Flag State Performance Table serves to encourage shipowners and operators to examine the substance of a flag before registering their vessels and to urge their flag administrators to make the necessary improvements related to safety, protection of the marine environment and the provision of decent working and living conditions for seafarers.
“We are very pleased to be acknowledged, for the sixth year running, by the ICS as one of the world’s leading flags,” Joel Walton, CEO of Cayman Registry, said. “This is a testament to the hardworking team of the Registry and shipowners for their continued outstanding efforts. The Registry will continue to set the pace with quality service by tradition, leadership through innovation.”
The ICS ranks flags based on classifications including their standing with the Port State Control Memoranda of Understanding – namely the Paris Memorandum of Understanding and the Tokyo Memorandum of Understanding – and demonstration of an excellent ship safety and pollution prevention record.
Cayman Registry is “white listed” and is rated as a “low risk” flag state in both memoranda. The Cayman Islands also qualifies under the U.S. Coast Guard Qualship 21 Program, which enables Cayman flagged vessels to have considerably fewer PSC inspections by the USCG.
The Flag State Performance Table highlights the sound performance of all the world’s major flag administrations, irrespective of whether they are open registers or traditional maritime flags, the Cayman Registry said in a press release.