Latest News
Good News for the Isle of Man Yacht Chartering Business
 | Following meetings between the Isle of Man Customs and Excise (IoMCE), the Isle of Man Yacht Forum (the Forum) and HM Revenue and Customs (HMRC) the Forum is pleased to announce good news for the Island’s yachting business.
The guidance on the VAT treatment of yacht chartering or leasing activity contained in Revenue & Customs Brief 56/09 (RCB 56/09) was discussed on 3rd February 2010 by representatives of the Forum, IoMCE and HMRC. |
Isle of Man Ship Registry Introduces Annual Fee
 | The Isle of Man Ship Registry is to introduce an annual registration fee – for the first time in its 25 year history. Uniquely, unlike other registries, the fee will not be dependent upon ship size or type.
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Isle of Man Ship Registry signs MOU with Toko Maruraku Transportation Co. Ltd
| Important relationship established to facilitate growing Japanese client base
The Isle of Man Ship Registry has signed a Memorandum of Understanding (MOU) with Toko Maruraku Transportation Co. Ltd in Tokyo in order to facilitate the registration and related services to its growing number of Japanese clients.
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Isle of Man Ship Registry enjoys a positive 2009 Gross tonnage grows 10% and Far East Market Developed
| The Isle of Man’s Ship Registry continues to expand despite some very difficult economic times being experienced by world shipping. In 2009 the register grew by 1.03 million gross registered tons to a new high of 10.76 million at the end of the year, a net increase of over 10%.
This growth has been driven primarily through the introduction of new clients from the Far East who have registered some of their prestigious new supertankers in the Isle of Man following a targeted marketing drive by the DTI’s Ship Registry team in the region.
As a measure of the Isle of Man’s standing globally, the register is now listed among the top 20 registers in the world in terms of registered tonnage while operating in an extremely competitive environment of over 130 international ship registries.
In addition to the merchant ship growth, the Isle of Man added another 17 commercially operated super yachts to the register during the year. The majority of these are managed locally providing significant work for local specialists.
Click here for further information. |
Isle of Man Visit Germany
| The Isle of Man Ship Registry values both its existing and potential client base, as a result of which Dave Morter Deputy Director and Anne Blythe Senior Registrar have just completed a visit to Bremen, Leer and Hamburg. The visit included shipowners who already have ships registered on the Island, shipowners who could potentially register vessels on the Island and various law firms. Such a visit is very important both for the Ship Registry and for the client as it is a reminder that we are out there, responsive to their needs and want to provide them with the best service possible. The visit highlighted the latest developments in the Ship Registry with great emphasis on the quality of the register. It is also illustrative of the personal touch which the Isle of Man Ship Registry prides itself upon. The visit was worthwhile not only to receive client feedback but also to return to the Island with increased tonnage. |
Isle of Man welcomes delivery of ‘Star Manx’
 | THE Isle of Man has welcomed another significant addition to its Ship Registry following the delivery of a new bulk carrier the ‘Star Manx’.
The official naming ceremony took place last week at the Tsuneishi Zhoushan Shipyard near Shanghai in China.
‘Star Manx’ is the second of three new vessels commissioned by Lars Ugland, the Douglas-based chief executive officer of LTU Management Ltd and Seven Mile Shipping, to carry the Manx name.
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Isle of Man Ship Registry launches new Website
| www.iomshipregistry.com helps clients access information more easily. Its internet presence has always been a useful source of information for both existing clients and new clients looking to register their vessels in the Isle of Man. |
Staying the Course as the Storm Clouds Hover
| 16th November 2009 ‘Staying the Course as the Storm Clouds Hover’ The Isle of Man Ship Registry is maintaining its position by being innovative in introducing an annual fee of $1,000 per ship from 1st April 2010.
This is the headline in a Financial Times supplement on the Isle of Man, focussing on the Ship Registry. Since its inception some 25 years ago, the Ship Registry has been fully government subsidised as a means of stimulating a shipping sector. This has been very effective. The number of vessels registered is now 1,070.
The Ship Registry is to introduce an annual fee that will enable it to cover much of its running costs and pay its 32 staff and provide more clarity to potential clients when looking to choose a register. Dick Welsh, the burly rugby-playing Manxman who runs the register said “We recognise the need to provide some form of fee to reduce the deficit. We discussed it with businesses and they think that is reasonable,” he says. “In fact, it might help us because while we are free, people think there must be a catch or a hidden charge somewhere.”
“We offer unmatched quality of service,” he adds. High quality as well as low prices will assure the island’s shipping future.
Please click on this link http://www.ft.com/reports/isle-of-man-2009 to see the full Financial Times supplement.
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Caly Manx boosts Island’s international shipping profile
 | THE launch of a £22 million bulk carrier in China has helped to raise the international profile of the Isle of Man Ship Registry and build a number of important new business relationships. |
MarineBiz TV interview
 | Watch Dick Welsh's interview on MarineBiz TV. |
Isle of Man Registry announces barrier-breaking changes
| We are pleased to announce three important changes to its operating practices designed at making registration more attractive and simpler for its clients. |
Director Promotes Isle of Man During Visit to Japan in May 2009
| Extracts of interviews given to the Japanese media by Mr Dick Welsh, Isle of Man Ship Registry Director during visit to Japan. |
