Even though the struggle for independence from Britain finally resulted in Ireland being declared “a sovereign, independent, democratic state” in 1937 there was little interest being shown in the maritime affairs of the country. This, despite Ireland being seen as having opportunities to derive added value from its vast marine resources. Up until a few years ago, sporadic endeavors failed to achieve optimum economic benefits. Ireland’s ambition to create a maritime cluster gathered momentum only during the last few years. It began with the introduction of the tonnage tax regime in 2003. This made Ireland an attractive destination for shipping. The immediate effect was that it reversed the trend of Irish shipping companies flagging out to foreign registries.