George
Town, CAYMAN ISLANDS

The
Cayman Islands Shipping Registry (Cayman Registry) has recorded a
detention ratio of 0.66% across all major Memoranda of Understanding
(MOUs) following Port State Control (PSC) inspections with only 3
detentions being recorded for 2018.

Cayman
has made consistent improvement on its performance year on year and
has been making steady progress since their highest detention ratio
on record in 2002 of 8.87%, which was prior to the Maritime Authority
Cayman Islands being established.

This
low detention ratio speaks to the quality of the Cayman Flag and the
Shipping Community is taking notice. New business has increased,
which is evidenced by the increase in tonnage on the register.

“Not
only do these results build on the Cayman Registry’s superb
reputation for supporting its clients comprehensively, quickly, and
proactively; they further demonstrate our continued efforts to uphold
the highest quality of vessels flying our flag,” Kenrick Ebanks,
Global Director Commercial Services comments. “It confirms our
commitment to ensuring compliance with the international conventions
requirements.”

PSC
is a system that maintains a watchful eye throughout the world’s
territories to ensure that shipping is conducted in a safe, secure
and environmentally friendly manner. The collaboration between the
world’s participating maritime administrations means that they
agree to implement a harmonised system of PSC across the globe for
the inspection of foreign ships in ports other than those of the
vessel’s flag state. PSC is globally recognized as an effective
tool to reduce the number of sub-standard ships operating on the
world’s seas and oceans.

The
quality of the Cayman Fleet does not only rely on the Cayman
Registry’s employees but also the dedication of the quality vessel
owners and partners with whom the Registry is aligned. The
low detention ratio reflects years of work in partnership to
maintaining an outstanding safety and quality record for the Cayman
Flag and drives the highest possible quality regulatory standards.

“I
would like to thank the hard-working team at the Registry for their
continued outstanding efforts as well as the owners and operators who
take pride in upholding the highest standards for their vessels, Mr.
Ebanks says. “Without their combined efforts, we would not be able
to earn this significant achievement.”

The
Cayman Islands plays an important role on the global maritime stage
by providing quality vessel registration, regulatory and advisory
services. Cayman Registry operates in a jurisdiction that has one of
the most modern and comprehensive legal frameworks that exists for
shipping and maritime administration in the world. The accolades that
the Cayman Islands continues to receive in the global maritime
industry elevates the jurisdiction to be seen as the gold standard in
the industry.