Liberian Registry Reaches 200 Million Gross Tons!
The Liberian Registry is highlighting its continued rapid growth, moving from the third to second-largest flag state for the shipping industry. The registry became the second-largest flag late in 2018 and recently passed the 200 million gross ton mark in part due to its expansion into new markets.
The Liberian Registry passed the 200m gt mark, cementing its position as the second largest flag in the world after Panama.
Alfonso Castillero, chief operating officer of the Liberian International Ship and Corporate Registry (LISCR), commented, “This historic milestone, and rapid growth of the Liberian Registry over the course of the past two years is a testament not only to the quality of service and responsiveness provided by the Liberian Registry, but to the trust placed in the Liberian Registry by a majority of the world’s quality shipowners and operators.”
The Liberian flag registered 524 ships in 2020 and 276 ships have been registered to date in 2021, of which 28% were newbuilding deliveries. On the other hand Panama, which remains the largest flag state, reports that it currently has a total of 8,484 vessels in its registry representing a total of 227 million gross tons.