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Ship registration is the process by which a ship is documented and given the nationality of the country to which the ship has been documented. The nationality allows a ship to travel internationally as it is proof of ownership of the vessel. [1] International law requires that every ship be registered in a country, called its flag state. [2]
The International Register of Shipping or IS was established in 1993, and is an independent classification society which provides classification, certification, verification and advisory services. The International Register of Shipping also offers consulting services well suited for the shipping and offshore industry. SOPEP at work.
The sale and purchase of ship is an important aspect of the shipping industry. It may involve large amounts of money and requires brokers to possess knowledge of types of vessels and their function, knowledge of maritime law, as well experience in bargaining. To reduce the number of disputes and smoothen the sale and purchase procedure ...
List of merchant navy capacity by country. List of merchant navy capacity by flag is a list of the world foremost fleets of registered trading vessels ranked in both gross tonnage (GT) and deadweight tonnage (DWT) sorted by flag state. The table is based on the annual maritime shipping statistics provided by the British Government and the ...
Flag of convenience ( FOC) is a business practice whereby a ship's owners register a merchant ship in a ship register of a country other than that of the ship's owners, and the ship flies the civil ensign of that country, called the flag state. [ 1] The term is often used pejoratively, and although common, the practice is sometimes regarded as ...
The Society printed the first Register of Ships in 1764 in order to give both underwriters and merchants an idea of the condition of the vessels they insured and chartered: ship hulls were graded by a lettered scale (A being the best), and ship's fittings (masts, rigging, and other equipment) were graded by number (1 being the best).
The first edition of the Register of Ships was published by Lloyd's Register in 1764 and was for use in the years 1764 to 1766. Bureau Veritas (BV) was founded in Antwerp in 1828, moving to Paris in 1832. Lloyd's Register reconstituted in 1834 to become 'Lloyd's Register of British and Foreign Shipping'.
By cooperation of government and shipping industry, the total tonnage of ship registry in Hong Kong has reached over 129 million gross tons with over 2,400 vessels registered in May 2020. As of 2020 the Hong Kong Ship Register is the world’s fourth largest ship register, and the world’s largest national flag register.