Liberia rounds off 2020 as the globe’s fastest-growing flag State for the 2nd year straight. In late 2018 Liberia came to be the second-largest flag State worldwide, and also ever since, has actually remained to lead the globe in fleet development for 2 straight years.

According to Clarkson’s World Fleet Monitor from mid-December 2020, Liberia has actually outmatched all various other Open Registries having actually expanded at 8.06% and also 13.8 Million Gross Tons given that January 2020. These numbers are additionally mirrored in much of the leading delivery markets. Specifically, Liberia is the fastest expanding flag in Greece (where they are additionally the biggest Open Registry made use of by Greek delivery business), Japan, China, Singapore, and also the United States.

Alfonso Castillero, Chief Operating Officer of the Liberian International Ship and also Corporate Registry (LISCR) claimed: “I take pride in our worldwide group for all their effort, safeguarding Liberia’s setting as the globe’s leading flag State.

Image Credits: liscr.com

This development has actually not just been from newbuildings supplied this year, however from flag transfers many thanks to Liberia’s affordable to transform flag, and also our structured procedures and also treatments. Our economical and also smooth worldwide solutions have actually brought in top-tier proprietors in all the significant delivery markets. We have actually seen development not just with our existing customers, however have actually invited in several of the greatest names in delivery that formerly collaborated with various other flags however that have actually currently picked us for our market-leading solution and also cost-savings.”

Castillero proceeded: “This isn’t just growth for the sake of growth. We have grown our fleet with the addition of top-performing and top-quality owners and operators across the world. Despite this new tonnage we have been able to reduce our detentions in key jurisdictions, such as in the United States where we saw a 68% decrease; and we were able to climb higher in the Paris MOU flag rankings. This is responsible growth, with industry leaders who want to focus on safety, performance, and environmental stewardship.”

Flag transfer tonnage has actually represented 60% of Liberia’s development in 2020, with proprietors seeking to change their tonnage from their existing flagStates Liberia’s concentrate on high quality worldwide solution, cost savings on port charges in the significant ports of the globe has actually been an integral part of sustaining their customers’ business procedures. This has actually been a significant benefit for Containership proprietors, and also those that trade on place. Further attracting this increase of tonnage is the ongoing financial investment right into Liberia’s modern systems and also software program, that are an extra value-add for Liberian flagged drivers.

Despite the difficulties of COVID, Liberia had the ability to change its procedures and also treatments, welcoming a structured enrollments procedure, being the initial flag to present remote closings for ship enrollment, and also the initial flag to present remote evaluations– all made with the security of the teams and also drivers placed at the leading edge of any type of functional modification. Liberia has actually been a prominent voice in supporting for useful and also prompt options to the staff modification situation, and also will certainly remain to do be a loud voice on this problem.