The gold standard in vessel registration
A conversation with the Cayman Islands Shipping Registry
The Cayman Islands Shipping Registry (Cayman Registry) continues to be one of the leading flag choices for superyacht owners. Established in 1903, the Cayman Registry is proud to celebrate over 120 years of providing premium quality service, operating a high-quality shipping registry which upholds an outstanding Port State Control Record along with building lasting relationships with its clients.
With its head office in the Cayman Islands, branch offices in Southampton, UK, and Singapore, as well as a presence in more than 20 locations throughout the world, including the United States, France, Italy, Palma, and Southeast Asia, the Cayman Registry has a global reach covering all the main shipping and yachting hubs in all time-zones.
The Cayman Registry offers unparalleled customer service with a worldwide reputation for excellence and efficiency in yachting. Staffed by an international team of highly professional and experienced personnel, the Cayman Registry services include vessel and mortgage registration, surveys and certification, crew compliance, vessel plan approval, vessel construction supervision and bespoke maritime consultancy services. The Luxury Report spoke to a representative from the Registry to learn more about what it can do for boat owners around the world.
Please outline the profile of clients that the Cayman Registry attracts.
The Cayman Registry is a first-class international organisation with a worldwide reputation for excellence and efficiency. As a member of the Red Ensign Group with Category 1 status, the Cayman Registry has the capability of registering vessels of unlimited tonnage and any type provided the requirements of the applicable International Conventions are met. The Cayman Islands flag is a British flag and can be found on some of the most prestigious yachts and ships in the world.
What are the main reasons they choose the Cayman Islands to register their vessels?
The Cayman Registry prioritises ship safety, the welfare of seafarers and environmental protection, which is why the Cayman Islands flag is seen as the gold standard in the shipping industry. The Cayman Registry oversees over 55% of the global new-build superyacht fleet on its flag and is considered one of the top performing flags by the International Chamber of Shipping.
The flag consistently maintains white-list, low-risk status on the Paris and Tokyo Memoranda of Understanding on Port State Control as well as low-risk status under the United States Coast Guard Qualship 21 Program.
The key reasons that owners, financiers and operators regard the Cayman Islands as the jurisdiction of choice for yacht registration are: leading technical capabilities; synonymity with world-class quality and compliance with international conventions in safety; elite client responsiveness; highly competitive fee structures; and flexibility of vessel use.
Additionally, vessels that register with the Cayman Islands enjoy full British diplomatic and consular services worldwide, as well as Royal Navy assistance and protection when necessary.
Please summarise Cayman Registry’s strategic focus, and how this benefits those who choose your registration services.
The Cayman Registry’s motto is ‘Quality service by tradition, leadership through innovation.’ The focus will always be on the quality of the flag and the needs of its clients. Looking to the horizon the Cayman Registry will continue to sail through the next 120 years, remaining dedicated to maintaining an outstanding safety and quality record for the Cayman flag.
Further information – cishipping.com