Isle of Man Ship Registry joins INTERCARGO

(Posted on 07/03/23)

The Isle of Man Ship Registry (IOMSR) has become an associate member of The International Association of Dry Cargo Shipowners (INTERCARGO). IOMSR was also recognised as one of the world’s top flag states by the International Chamber of Shipping (ICS) in its respected annual Flag State Performance Table published at the beginning of February 2023.

IOMSR deputy director Toby Brooks said the dry bulk sector is hugely important to the ship registry, both in terms of the significant tonnage that dry bulk ships bring to the Isle of Man flag and the quality of those vessels in terms of Port State Control inspections and flag state reputation.

He said the IOMSR and INTERCARGO are also closely aligned on the key sector issues of seafarer welfare, safety and decarbonisation.

“Becoming a member of INTERCARGO is an important move for us and we look forward to our organisations coming together and sharing their expertise for the benefit of the wider industry,” he said. “INTERCARGO’s influential voice on the prime issues affecting dry bulk shipowners is respected internationally and our aim in membership is to add to that voice.”

He added: “The demographic of ship types registered in the Isle of Man has changed considerably since we were established as an international register in 1984 and today around half the fleet is made up of dry cargo ships. This has ultimately improved the knowledge and expertise of our survey and technical team in the design and construction of bulk carriers. INTERCARGO membership will also help us further increase that expertise.”

INTERCARGO works with its members, the regulators and other associations to ensure dry bulk shipping operates safely, efficiently and in an environmentally sound way.

It also actively participates in the development of global legislation through the International Maritime Organization (IMO) and other international bodies.

The IOMSR was the first flag state to launch a seafarer welfare app to support mental health and, in another industry-leading development, in April 2022 it become the first flag state in the world to reduce registration fees for ships deploying green technology.

IOMSR’s industry leading green measure gives ship owners a 15 per cent reduction on their annual registration fee. The reduced fee is available to operators of cargo ships, commercial yachts or passenger ships which are investing in biofuel, alternative fuels, wind, or shore-side energy technology.

The move to offer immediate financial incentives for green technology ships follows on from the IOMSR becoming the first flag state to join the ‘Getting to Zero Coalition’ in 2020. The coalition’s core aim is to hit the IMO’s 2050 target to develop commercially viable, deep-sea zero-emission vessels by 2030.

IOMSR is also dedicated to seafarer welfare and has played a prominent role in highlighting the industry’s mental health challenges – and championing ways to tackle them.

With 11,000 seafarers sailing on more than 300 vessels under the Isle of Man flag, IOMSR understands the impact many feel in being isolated from family in the wilderness of the sea.

IOMSR worked to create the first ever seafarer welfare app designed by a flag state, which was launched in 2021. Called ‘Crew Matters’, the free app provides structured support for seafarers.

Latest News

ClassNK releases ‘Prime Shipmanagement Guidelines’

ClassNK has released ‘Prime Shipmanagement Guidelines’ which aim to achieve sustainable... Read more

MCTC ensures quality remains at top of the table amid global tensions

In the face of unpredictable provisioning costs, port disruptions, and longer lead times MCTC has reinforced... Read more

NORDEN raises full-year guidance for 2025

On the back of the increased gains from sales of vessels and good operational performance, NORDEN, a... Read more

INTERCARGO welcomes ILO recognition of seafarers as key workers

The International Association of Dry Cargo Shipowners (INTERCARGO) has welcomed the recent decision... Read more

MMS advises why seafarers must remain vigilant about malaria

Despite its lack of publicity, malaria remains an ongoing epidemic and a perilous threat to seafarers... Read more

Veson: Bulker S&P activity falls sharply in Q1 2025

Due to market uncertainty, overall sale and purchase levels for Bulkers have fallen year on year, with... Read more

Britannia Group announces CEO succession plan

The Britannia Group, a leading P&I insurer, has announced that its Chief Executive, Andrew Cutler... Read more

INTERCARGO responds to IMO's decision on GHG reduction measures

At last week's landmark MEPC 83 meeting, the International Maritime Organization (IMO) Member States... Read more

NORDEN sells two additional vessels

In line with NORDEN’s strategy to realise asset values, the global provider of ocean-based freight... Read more

ILO delivers on Seafarers Key Worker Rights and fair treatment

The fifth meeting of the Special Tripartite Committee (STC) of the MLC concluded last week with some... Read more