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Marshall Islands registry now world’s second largest

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The Republic of the Marshall Islands’ fleet now stands at 223,262,177 deadweight tons, making it the second largest registry in the world in terms of DWT. It’s also the Greek shipping industry’s leading flag, with 791 ships totaling 62,190,301 DWT in its registry —  over 18.9 percent of total DWT of the Greek-owned fleet.

“Our office in Piraeus is the second largest of the RMI Registry’s 27 worldwide offices,” said Theo Xenakoudis, director of worldwide business operations and managing director of the Piraeus office.

In other news, the RMI Registry recently received preliminary confirmation that its U.S. Coast Guard Qualship 21 status will continue for 2017 — its 13th year in a row, said Bill Gallagher, president of International Registries Inc. IRI and its affiliates have provided administrative and technical support to the RMI Registry since 1990.

“This achievement is no easy undertaking for a major registry, whose ships make thousands of U.S. port calls, to maintain less than a 1 percent detention rate on a three-year rolling average basis,” Gallagher said. “The Qualship 21 designation means that ships flying the RMI flag are less likely to be detained in U.S. ports, which assists owners and operators in keeping their ships moving.”

For more information, visit www.register-iri.com.

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