Private Equity Drives New Ship Buys
Ship Registries are an excellent bellwether of industry health and trends, and when Maritime Reporter & Engineering News sought answers to some topical questions, it went to two of the top organizations in the world, speicifically Theo Xenakoudis, Worldwide Business Operations Officer, International Registries, Inc. & Christian Mollitor, Vice-President, Liberian Registry/LISCR, LLC. Give a brief description of the market you serve. TX Greek shipowners have historically been very supportive of the RMI flag. Today Greek shipowners represent nearly 25 million gross tons of the RMI fleet.
Marshall Islands Expands, Tightens Documentation
2003. By June 30, 2004 some 32,389 documents had been issued by the Maritime Administration, comprising 3,651 officer certificates of competency, 7,157 seafarer identification record books (SIRBs) and 21,581 special qualification certificates (SQCs). The rise in the volume of crew paperwork highlights not only the current growth of the Marshall Islands flag fleet, which has expanded by 23 percent in tonnage terms, reaching 22 million gross tons in the second quarter of 2004, but also the increased vigilance the Maritime Administration is giving to the issue of seafarer documentation. ³We believe that prevention is better than cure,² states Capt. Robert A. Fay, Vice President, Seafarers¹ Documentation with International Registries, Inc.
McGuire Award Goes to 9/11 Heroes
Four people symbolic of those in the frontline of the massive waterfront rescue and evacuation operation, which followed the destruction of the World Trade Center in New York on 11 September 2001, are the recipients of the James E. McGuire Safety Award. International Registries, Inc. presented the awards at a dinner in Reston, Virginia, near Washington D.C. on 15 October 2002. In attendance were leaders of the international maritime community, distinguished members of the United States Coast Guard (USCG) and other government agencies, and members of the Marshall Islands Quality Council. Rear Admiral Richard E. Bennis, USCG (Ret.), Captain of the Port of New York on September 11…
