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PDMS celebrates growth of Isle of Man shipping

Thursday January 9th 2014

PDMS are delighted to announce that the Isle of Man has moved to 14th in the world ship rankings of registers by tonnages, ahead of Germany for the first time since rankings began. The statistics which were released by Clarkson’s, compliments the recent news that The Isle of Man Ship Registry’s registered tonnage for new ship owners in 2013 was more than twice the growth rate of the world’s fleet at 7.4%

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This increase means that the Isle of Man register has a growing global influence in the shipping industry, with the maritime industry in the Isle of Man now employing over 600 people.

Howard Quayle, Isle of Man MHK commented:

‘I am delighted with the growth and success of the Island’s Ship Register. Dick and his team put a lot of effort into creating an environment and service which attracts owners of high quality ships and superyachts to register here.The Registry provides the nucleus for maritime-related activities by a large number of firms in the Island, which delivers real economic benefit for the Island’s economy.’

Dick Welsh, Director of the Isle of Man Ship Registry, said:

These statistics confirm that the Isle of Man is punching above its weight. Furthermore it proves that the Isle of Man remains an attractive option for ship owners and operators looking for high quality and levels of service from their Flag State and yet which comes at a very competitive price.The Isle of Man attracted new owners in 2013, some of which are choosing the Isle of Man as a single flag choice for all of their vessels and new building programmes. Together with our valued existing clients, these owners believe the relationship with the Ship Registry and the high levels of service and attention they receive on a day-to day-basis are what sets us apart from other registries.

In April 2007 PDMS developed MARIS (Marine Administration & Registry Information System), a comprehensive ship registry system which has helped fuelled the significant development of the registry and its continued growth. The benefits of registering vessels in the Isle of Man can now be seen internationally, with over 40% of the tonnage on the Manx register being Asian-controlled.