IRI bagging 150 ships from Korean and Japanese owners

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International Registries, Inc. (IRI), the Marshall Islands Maritime and Corporate Administrator, is seeing a dramatic increase in the number of vessels from Japan and Korea following the decentralisation of the Registry and the development of local offices in the two countries.

During the next three years Japanese owners have indicated that they will register more than 100 vessels of some 3 million tonnes and Korean owners have committed to 50 vessels totalling 1.5m tonnes.

“Shipowners now expect a higher level of service from ship registries and we have invested in providing local expertise in our Tokyo and Seoul offices as well as around the Asian region. Our offices are staffed by experienced maritime and technical managers who can provide assistance to the shipowning community,” said Bill Gallagher, President, IRI.

“We understand well that Japanese and Korean owners are flying to quality and cost efficient flagging service. Our global network of 17 offices and local offices in Hong Kong, Tokyo, Seoul, Singapore, Shanghai and Dalian means that Asian owners can have access to timely registration and technical support services from the Marshall Islands Registry around the world on a 24/7 basis,” said Annie Ng, Managing Director, International Registries (Far East) Limited