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ARTICLE · 12 JULY 2019

Bermuda Ship Registry Relaxes Eligibility Requirements And Introduces Competitive Vessel Registration Pricing

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The new regulations have been spearheaded by the Bermuda Shipping and Maritime Authority as part of its strategy to position the Bermuda shipping offering as best in class.

BermudaTransport
Marcello Ausenda
Marcello Ausenda
Victor Richards
Victor Richards
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The universe of vessels that can be registered on the Bermuda Ship Registry has been expanded significantly by an amendment to the Merchant Shipping (Registration of Ships) Regulations that came into effect on 9 July 2019. These changes, along with proposed changes to permit competitive fee pricing for shipping groups that register multiple vessels and/or use a Bermuda vessel owning entity and have a principal place of business in Bermuda, make Bermuda a more attractive jurisdiction for international shipping groups.

As a result of the recent amendments, vessels owned by companies incorporated in the jurisdictions listed below can now be registered in Bermuda:

  • Australia
  • Bahamas

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