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>


<< Mar 2018 >>
26 27 28 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

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >