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On 25 October 2023, the Republic of the Marshall Islands (RMI) enacted the Netting Act, 2022. The purpose of the legislation is to create a framework for close-out netting, which is vital for managing counterparty and financial risk in capital market Continue reading...
Captain Oleg Gudkov and the crew of the oil/chemical tanker BROADWAY, operated by Interunity Management Corporation, S.A., received special commendation from the International Maritime Organization (IMO) Assembly for their role in the rescue of 44 migrants Continue reading...
Seventy-five years ago, Classification Societies (Class) took the lead in technical support and guidance. Class also led the way in the statutory and survey support work, innovation, and development of the industry. Today, three-quarters of a century Continue reading...
For centuries, Geneva has served as a global trading and financial hub, dominating commodity trading and financial markets throughout Europe. In 2008, International Registries, Inc. and its affiliates (IRI) was strategically building a decentralized network Continue reading...
The Nitijela passed several amendments to the Republic of the Marshall Islands (RMI) Maritime Act which entered into effect on 10 April 2023. Please review the amendments below taking special note of updates to § 119 regarding digital signatures, § Continue reading...
Fifteen years ago, IRI opened its Roosendaal office as a central location for ship inspections. Strategically positioned between two of the busiest ports in Europe, close to heavily trafficked shipping lanes, and easily accessible to important business Continue reading...
In a world of advancing technologies, where cell phones have the processing power of computers, radio can feel a bit antiquated. That is, of course, until you are hundreds of miles out at sea looking to communicate with local vessel traffic or in need Continue reading...
The Republic of the Marshall Islands (RMI) will flag the first-ever state-of-the-art 22,000 cubic meters (cbm) liquid carbon dioxide (LCO2) carriers whose order was recently announced by Capital Gas Ship Management Corp. The carriers will be built at Continue reading...
Dutch shipyard Leapher Yachts will bring three newbuild custom expedition yachts to the market in 2025, each built to Republic of the Marshall Islands (RMI) Yacht Code standards. The first yacht, a 60.5-meter superyacht, celebrated its first major construction Continue reading...
As one of the largest fleets in the world, the Republic of the Marshall Islands (RMI) Registry is in a unique position to not only support the safe vessel operation of its fleet, but also to enhance the safety of the entire industry thanks to its investigations Continue reading...
