The Isle of Man Ship Registry, which celebrates its 25th anniversary this year, has announced the addition of the “Caly Manx”, a £21.7 million bulk carrier, to its fleet. The ship, commissioned by LT Ugland, will be unveiled and transferred to sail under the Isle of Man’s Red Ensign Group flag on 30th September.
The present-day Registry was established in 1984 and now has 452 merchant vessels and other commercially operated vessels. The registry has amassed a combined tonnage of ten million gross registered tonnes. That's only seven million less than the UK.
Dick Welsh, director of the Isle of Man Shipping Registry said: “In the last year, we have seen growing interest from China and elsewhere in the Far East, and this is the perfect opportunity to communicate the benefits of registering with the Isle of Man.”
As well as the right to fly the Red Ensign (with the Three Legs), the Manx Registry promises the support of British consular services and Royal Naval protection world-wide, low costs, and with a favourable tax regime.