Ships registry waives local fees in crisis

Tuesday June 30, 2020 Written by Published in Economy

Domestic ship owners will not to pay any registration fee for this year and 2021.

This follows a recent announcement from the Ship Owners’ Association who have agreed to subsidise the registration fees.

Chief executive Eleanor Roi says this is in response to the global Covid-19 pandemic.

“Basically, in an effort to provide some relief to domestic ship owners, Association Board of Directors have agreed to subsidise Annual Tonnage Fees (or registration fees) for 2020/2021,” she said.

“The initiative is in accordance with the organisation objectives and we hope that this small gesture will ease some of the financial burden, during these trying and most uncertain times.”

Roi explained that the Cook Islands Ship Owners Association is an independent incorporated society set up to facilitate and promote ship registration and training opportunities for Cook Islands seafarers.  

“We hope that this small gesture will ease some of the financial burden, during these trying and most uncertain times.”

She said annual admin tonnage fees (registration fees) are calculated according to the gross tonnage of the vessel and can vary in price, starting from $750 a year.  

Currently, six domestics vessels are registered with Maritime Cook Islands. These include both fishing and merchant vessels.

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