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ARTICLE · 22 APRIL 2022

Bermuda And The Cayman Islands: Optimal Jurisdictions For Ship Owners

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For ship or yacht owners, the selection of the optimal jurisdiction in which to register a vessel or fleet can be critical to both operations and profitability. As a global business, ship owners have a lot of flexibility in their choice of jurisdiction.

BermudaTransport
Marcello Ausenda
Marcello Ausenda
Barnabas Finnigan
Barnabas Finnigan
Jacari Brimmer-Landy
Jacari Brimmer-Landy
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For ship or yacht owners, the selection of the optimal jurisdiction in which to register a vessel or fleet can be critical to both operations and profitability. As a global business, ship owners have a lot of flexibility in their choice of jurisdiction.

A number of jurisdictions worldwide offer registration services for vessels, with Bermuda and the Cayman Islands both having well established and highly regarded shipping registries that provide compelling choices for a variety of ship and yacht owners.

The Bermuda Shipping and Maritime Authority

The Bermuda Shipping and Maritime Authority (BSMA) administers the Bermuda Ship Registry (BSR). The BSR has been in existence since 1789, and has been an international register since the 1980s. The BSMA is a highly regarded part of the offshore shipping industry. The BSR is problem-solving and solution-focussed, with highly knowledgeable technical experts offering a fast, effective response on a 24/7 basis.

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