With effect from 1st October 2016, the governmental departments
responsible for the oversight of the aviation and shipping sectors
became "quangos" newly titled as the Bermuda Civil
Aviation Authority and the Bermuda Shipping and Maritime
Authority.
The aim of granting such status is to boost revenue from the
registration of both vessels and aircraft, by making Bermuda more
competitive in the global shipping and aviation markets.
On the shipping front, the Bermuda Government stated that its
intention is "to create an efficient, competitive and
economically viable shipping registry that can meet the modern-day
customer demands as well as the relevant national and international
standards." Bermuda presently commands a fleet of 170 ships
with more than 13 million gross tones, which, compared to other
international registries, is rather small, which provides the new
Authority with a great opportunity for expansion in the line with
the anticipated future growth in the
