Bermuda and the Cayman Islands: Optimal Jurisdictions for Ship Owners

For ship or yacht owners, the selection of the optimal jurisdiction in which to register a vessel or fleet can be critical to both operations and profitability. As a global business, ship owners have a lot of flexibility in their choice of jurisdiction.

A number of jurisdictions worldwide offer registration services for vessels, with Bermuda and the Cayman Islands both having well established and highly regarded shipping registries that provide compelling choices for a variety of ship and yacht owners.

The Bermuda Shipping and Maritime Authority

The Bermuda Shipping and Maritime Authority (BSMA) administers the Bermuda Ship Registry (BSR). The BSR has been in existence since 1789, and has been an international register since the 1980s. The BSMA is a highly regarded part of the offshore shipping industry.

 

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Bermuda and the Cayman Islands: Optimal Jurisdictions for Ship Owners

 

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