![]() ![]() ![]() ON THE back of a successful 2017 and a thriving decade of growth, the Marshall Islands continued its apparently unimpeded ascension in 2018. (Bill) Gallagher, president, IRI - Marshall Islands While certainly not impossible, it will still be some time before Panama’s deposition even looks like a potential prospect.Ġ2 / William R. The drop may appear to be innocuous, but followers Marshall Islands and Liberia have shown they are keen to jump on to new business and are covering some of the distance, which was once thought to be unfeasible. However, it is not all smooth sailing for the flag state.ĭespite controlling the greatest and second-greatest share in the bulker and tanker markets, respectively, the registry lost almost 5% of its tonnage this year, with a 6% decline in bulkers. PANAMA is, unsurprisingly, still the world’s biggest ship register by more than 80m tonnes.Ĭlass of 2017: showcased two big losers and one grand winner in the quest for world fleet control Solorzano, general director of merchant marine, Panama Maritime Authority
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