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Liberia unseats Panama as world s largest ship registry
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The Panama Ship Registry Continues To Adapt Its Processes For 2023 | Hellenic Shipping News Worldwide
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Liberian Registry expands footprint in South Korea February 16, 2021, by Naida Hakirevic
The Liberian Registry, the world’s second-largest ship registry, has decided to expand its presence in South Korea with the opening of its Busan branch office.
Image Courtesy: Liberian Registry
Over the past several years, the Liberian Registry has been winning over tonnage from Korean shipowners. The registry said it has met the demand of its increasing Korean fleet with this additional technical and operational office in the heart of Korea’s maritime city.
“The opening of our Busan office achieves a strategic objective of our growth in the very important Korean market,”
Liberia Maintains Position as Top Performing Ship Registry of 2020
Liberia finishes off 2020 as the world’s fastest growing flag State for the second year in a row. In late 2018 Liberia became the second largest flag State in the world, and since then, has continued to lead the world in fleet growth for two straight years.
According to Clarkson’s World Fleet Monitor from mid-December 2020, Liberia has outpaced all other Open Registries having grown at 8.06% and 13.8 Million Gross Tons since January 2020. These numbers are also reflected in many of the leading shipping markets. Specifically, Liberia is the fastest growing flag in Greece (where they are also the largest Open Registry used by Greek shipping companies), Japan, China, Singapore, and the United States.