Independent journal on economy and transport policy
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The establishment of the first U.S. international open registry based in the U.S. Virgin Islands has begun
Among the proposals, the creation of a transhipment hub in the Caribbean
February 3, 2022
The creation of the open ship register is one of the proposals included in the document "A revitalization plan for U.S. maritime trade, commece, and strategic competition" elaborated from the Center for Ocean Polici and Economics of Northeast Maritime Institute. According to the plan, the establishment of the open register of U.S. Virgin Islands will allow to increase the number of ships of the FLAG OF the United States, with naval units that will fly the flag of the U.S. Virgin Islands and that will be equipped of the same level of safety as other flag carriers American surfing all over the world.
The plan includes other measures aimed at revitalization of the American maritime industry including the development of a hub of transhipment in the Caribbean with the aim of alleviating congestion of the US supply chain moving from land to sea a part of the traffic of the east coast of the USA and increasing the number of ports handling international goods. The plan also provides for the establishment of public-private partnerships international to address strategic maritime issues, increase transparency and enforce legal and ethical standards, as well as to establish and implement a transport strategy environmentally friendly maritime including the decarbonisation of the US flag. In addition, the plan proposes the establishment of a Maritime Venture Capital Fund in order to finance commercial technologies advanced solutions to the problems of the maritime industry, in particular with regard to environmental vulnerabilities. Finally, the plan provides for the updating of the maritime workforce through state-of-the-art education and training tools both in the United States and abroad.
On the occasion of the signing of the agreement, it was recalled that the U.S. Virgin Islands, as a dependency of the U.S., are exempt from the Jones Act, the US legislation on transport maritime requiring that most crew members of ships connecting American ports are of nationality American.
The Northeast Maritime Institute developed the open registry International Commonwealth of Dominica Maritime Administration, which started the activity in 1999.
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The creation of the open ship register is one of the proposals included in the document "A revitalization plan for U.S. maritime trade, commece, and strategic competition" elaborated from the Center for Ocean Polici and Economics of Northeast Maritime Institute. According to the plan, the establishment of the open register of U.S. Virgin Islands will allow to increase the number of ships of the FLAG OF the United States, with naval units that will fly the flag of the U.S. Virgin Islands and that will be equipped of the same level of safety as other flag carriers American surfing all over the world.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
