The Marshall Islands ship registry (RMI Registry) is confident it can overhaul Liberia this year to become the second largest flag in the world after Panama.
The flag, administered by Virginia-headquartered International Registries, Inc (IRI), celebrated becoming the largest flag in Greece in November. For IRI, surpassing Liberia is a particularly sweet moment: the company quit managing the Liberian flag in 2000, moving to operate the Marshall Islands.
Commented Bill Gallagher, president of IRI, “If growth patterns remain the same, it is anticipated that the RMI Registry will move from the third to the second largest worldwide.”
As of the end of last year, the RMI Registry had 3,702 ships equating to 128.1m dwt on its books.
