Isle of Man Ship Registry Presents New Incentives for Ship Owners

The Isle of Man Ship Registry is introducing new incentives for ship owners to adopt energy efficient ship designs which reduce fuel consumption and air pollution, from April 1, 2014.

For vessels that qualify, there will be a 25% reduction to the cost of a Certificate of Registry for new registrations and a 10% discount from the annual registration fee for vessels already registered with the Isle of Man.

Since the International Maritime Organisation (IMO) formalised an international system for determining the energy efficiency of ships, it is now possible to compare energy efficiency across ships of different types and sizes. This system forms the basis of the Isle of Man’s ‘green ship’ incentive scheme.

Dick Welsh, Director of the Isle of Man Ship Registry said: “Shipping is a global industry and requires an international solution to the problem of air pollution caused by ships. It is fair to say that the shipping industry is the first to tackle emissions on a global scale.

 “This ‘green shipping’ initiative is an important part in our drive to reduce emissions from ships and is welcomed by our clients. We are delighted to be able to reward owners and operators who employ ship efficiency measures ahead of the international implementation dates.

 “The Isle of Man is proactive in pursuing green technologies and is establishing a reputation as a jurisdiction to which ‘Clean Tech’ businesses are choosing to relocate.”

To qualify for the fees reduction, ship owners must submit a copy of the International Energy Efficiency (IEE) Certificate or pre-verification report to demonstrate that the ship’s attained Energy Efficiency Design Index (EEDI) reduction factor exceeds the IMO’s EEDI reduction factor requirements for that particular vessel ahead of the IMO’s implementation dates.

Isle of Man Gov, March 27, 2014

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >