The landmark Lloyd’s building at 1 Lime Street is one of the most iconic buildings in the City of London and the Old Library was a very impressive setting for the reception hosted by the Ship Registry.
London remains one of the world’s premier centres for shipping and ship finance and links between the City and the Isle of Man continue to be vitally important especially in terms of shipping business.
Alex Downie OBE MLC led the delegation to the reception which was supported by representatives from the Island’s private sector and he was able to illustrate the excellent public/private partnership which has always existed in his welcoming address.
Dick Welsh, the Ship Registry’s Director, gave a presentation to an audience of law firms, ship owners, ship managers, yacht brokers, financiers and insurers highlighting the advantages of registering under the Isle of Man flag which was very well received. In this economic climate, the cost savings - particularly for larger vessels – are a most attractive option for quality owners and operators.
Alex Downie OBE MLC, the Isle of Man Department of Economic Development’s Political Member with responsibility for shipping, commented:
‘Hosting such an event provides an ideal networking opportunity for both existing and new clients. It is also a means of strengthening links with the City to ensure the Isle of Man is showcased as a jurisdiction in which to conduct business. This sentiment was endorsed by the end of the evening with an existing client’s confirmation of increasing their tonnage under the Isle of Man flag.’
Dick Welsh, Director of the Isle of Man Ship Registry said:
‘It is essential we maintain and develop relations with clients old and new on a regular basis. The register has always prided itself on the level of service it provides and such functions keep the eyes of the shipping world focussed on the quality of the Isle of Man Ship Register in the face of some very aggressive positioning by its competitors.’
Photo caption - Island’s Ship Registry hosts Lloyd’s of London event in the Old Library.
