A year of measured growth for Maritime Cook Islands

Wednesday November 19, 2014 Written by Maritime Cook Islands Published in Economy
A year of measured growth for Maritime Cook Islands

Shipping as an industry may still be in the doldrums, but Maritime Cook Islands has enjoyed a year of measured growth in 2014 to date.

So far in this year, Maritime Cook Islands (MCI) has registered more than 100 vessels, approximately one every second working day.

The fleet is made up of 113 SOLAS Ships, 230 yachts, 52 tugs/offshore vessel with the balance being made up of barges, fishing vessels and special purpose vessels. 

167 vessels are in Class with a recognised Classification Society.

The average age of the fleet is 17.9 years.

The business comes from around the world. 

They have 12 deputy registrars with more than 20 vessels in their fleets. 

Five Deputy Registrars have more than 100,000 GT in their fleet with 3 having more than 250,000 GT.

The most rapid growth has come from Singapore, Istanbul, Piraeus and Cyprus offices this year. 

They have seen significant growth in the tug and offshore segment of their business following on from the success as the Flag of Choice for the Pacific Basin Towage and Sea-Tow fleets of tugs and barges. 

A significant milestone was reached in June of this year Maritime Cook Islands held a meeting in Athens attended by members of the MCI Board, key MCI Staff, the Cook Islands IMO permanent representative and Deputy Registrars from around the world. 

The purpose of the meeting was to review their progress and to set the direction for the next three years.

The outcome can be divided into two streams – Quality and Sales.

On the quality front the form and content of a new risk assessment tool was agreed. 

In future only our Technical Director Duncan Findlay will be able to authorise exemptions.

The face to face meeting opened up communication between the Deputy Registrars who between them have immense knowledge, experience and capability. 

They hope to capitalize on the goodwill created by the Athens meeting to encourage more communication and cooperation between Deputy Registrars from around the world.

It was also agreed that MCI should engage Helix Media, a specialist maritime corporate communications agency, to assist with raising the profile of the Cook Islands Flag with ship owners and also the yachting sector.           

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