CimbriaGeneva DryBühler GmbHPort of South LouisianaVan AalstTelestack
  • Port of Stockton
  • Geneva Dry
  • Bühler GmbH
  • Van Aalst
  • Cimbria
  • Sailors Society

IOMSR appointed by first Chinese ship owner

IOMSR appointed by first Chinese ship owner

(Posted on 01/07/21)

The Isle of Man Ship Registry (IOMSR) has been appointed by its first Chinese shipowner to flag the 82,000 DWT bulk carrier Transcenden Wisdom presently under construction at Tsuneishi Group’s Zhoushan shipyard in China.

The ship will register with the IOMSR upon delivery in August and operate under the technical management of the Singapore office of Wilhelmsen Ship Management (WSM). The IOMSR has been selected by a Hong Kong based Chinese leasing company and subsidiary of China Merchants Bank to flag the vessel. The deal was agreed with the IOMSR’s Singapore representative Captain Raja Ray and will see Transcenden Global Pte act as a bare boat charterer to the leasing company. Technical support in China will be supplied by the IOMSR’s new Shanghai office run by Jonathan Kingdon which opened in January 2021.

IOMSR director Cameron Mitchell said China is a key market for the flag state with many of its clients now drydocking and building ships in China. He said two-thirds of the IOMSR fleet is now managed from Asia.

“We’re really pleased to welcome the first Chinese ship ownership structure to the IOMSR fleet,” he said. “We believe we have a very strong offering in the Chinese market as through our new Shanghai office we have experts on the ground who can visit shipyards for inspections and meet our key clients. China is the world’s biggest maritime nation and forms a central part of our growth strategy.”

Mr Kingdon pointed to the IOMSR’s advantage of having ‘favoured nation status’ in China which means IOMSR registered ships which trade in Chinese ports are offered preferential Chinese tonnage rates equating to a 28pc ports dues reduction.

“As one of the world’s most respected flag states the IOMSR has many benefits to Chinese owners and shipyards and we want to raise greater awareness of those,” he said. “In particular we think the pragmatic approach makes the registry stand out. The IOMSR aims to make the construction process as straightforward as possible for Chinese shipyards. This means that the IOMSR’s new ship build standards are exactly the same as Panama, Liberia and the Marshall Islands. Digitally we are also evolving, we were one of the first flag states to offer digital certificates and we undertook the first ever remote periodical survey of a Bulk Carrier with DNV. Furthermore, we recently launched the industry’s first seafarer welfare app to support seafarers’ mental health which we know is a huge concern to ship owners.”

The Isle of Man Ship Registry is one of the world’s leading flag states ranked 17 in the world by Clarkson’s with around 14m GT under its flag. In total the IOMSR accounts for more than half the total tonnage sailing under the Red Ensign. The registry has held top spot on the Paris MoU Port State Control whitelist and is firmly on the whitelist in the Tokyo MoU rankings. It is also one of the high-performing flags on the US Coast Guard’s Qualship 21 scheme.

Latest News

DNV: Rapid WAPS uptake driven by stricter emission regulations

(Posted on 07/02/25)

A surge in industry interest combined with systems builders and yards scaling up production and installation... Read more


NSU Strengthens fleet oversight with Idwal

(Posted on 07/02/25)

Idwal is pleased to welcome NS United Kaiun Kaisha, Ltd. (NSU) as the latest partner to Idwal ID, our... Read more


Growing adoption of Wind-Assisted Ship Propulsion for sustainable shipping

(Posted on 07/02/25)

Econowind has surpassed 100 VentoFoil units sold, marking a major milestone in the shipping industry... Read more


Shipowners can shield against accidents by better learning from human factors

(Posted on 31/01/25)

The University of Strathclyde in Scotland, UK is encouraging ship operators, safety professionals and... Read more


InterManager elects Sebastian von Hardenberg as President

(Posted on 31/01/25)

InterManager, the international association for the ship management sector, has elected Sebastian von... Read more


Industry urged to share knowledge in cases of seafarer criminalisation

(Posted on 20/01/25)

InterManager, the international trade association for the ship management sector, is calling on shipping... Read more


INTERCARGO quality panel expansion enhances sector collaboration

(Posted on 19/01/25)

The International Association of Dry Cargo Shipowners (INTERCARGO) has announced a strategic development... Read more


DNV launches AROS

(Posted on 19/01/25)

DNV has launched a new family of class notations, Autonomous and Remotely Operated Ships (AROS), providing... Read more


Dry bulk industry pays tribute to outgoing INTERCARGO Chairman Dimitri Fafalios

(Posted on 10/01/25)

Leading figures across the dry bulk shipping sector have joined in paying tribute to Dimitri Fafalios... Read more


IMO Secretary-General sets his priorities for 2025 in new year message

(Posted on 07/01/25)

International Maritime Organization (IMO) Secretary-General Arsenio Dominguez has highlighted key items... Read more


TMS Awards 2023ViganPort of StocktonSailors SocietyTBA Group
  • Telestack
  • TMS Awards 2023
  • Vigan
  • Port of South Louisiana
  • TBA Group

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping