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09-10-2019 MAR in the top 15 shipping registers of the world... “The International Shipping Register of Madeira (MAR) achieved a new level of international......

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25-09-2019 An IT company in Madeira innovates on the Internet of Things... “Originally, we came to Madeira because it is a wonderful place to live and didn’t have big p...

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24-09-2019 TV APP pleased with Madeira as a business location... TV APP Agency is a company operating in the International Business Centre of Madeira, whose main....

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05-12-2017 MAR contributes to Portugal's inclusion in Qualship 21 For the first time, vessels under the Portuguese flag have been included in the Qualship 21 Index...

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11-10-2017 Madeira's IBC intensive promotional activity till the end of 2017... In the last quarter of the year, S.D.M. will conduct promotional missions to six more countries t...

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11-10-2017 MAR continues to show a positive growth trend... The continuous and positive growth of companies in the International Business Centre of Madeira i...

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Madeira's shipping Register is the fourth largest in the EU

Madeira's shipping Register is the fourth largest in the EU


By the end of September, the International Shipping Register of Madeira (MAR) became the fourth largest international shipping register of the European Union, reaching the largest number of vessels since its creation.

 

According to S.D.M.'s data, by the end of September of 2014, a total of 316 vessels was registered in MAR, 53 more than the total number registered at the end of 2013, a result which represents an extremely positive development for this sector of the International Business Centre of Madeira (IBCM).

Other relevant data confirm MAR's positive performance. For instance, the decrease of the average age of the commercial vessels registered in MAR from 15,5 years at the end of 2013 to 12,5 years in late September, underlines the strong effort made to improve MAR’s quality standards as one of the fundamental conditions for its international credibility.

The growth of the gross tonnage under MAR from 2.200869GT in the end of 2013 to 4.050.661GT in September of 2014 is another positive indicator and an evidence of the success of this sector of the IBCM.

Considering the results so far achieved, MAR is clearly contributing to the diversification of the regional economy and also to the development of a maritime cluster both in Madeira and in Portugal as a whole.

The intense promotional activity carried out by S.DM., in addition to the strategic partnership established with EUROMAR - EU Registry, are contributing to an increased competitiveness and efficiency of the services provided by the Register and thus to MAR’s sustained growth.

Moreover, the approval by the Portuguese Government of the ratification of the Maritime Labour Convention, MLC 2006, which preserves the competitiveness of the International Shipping Register of Madeira - MAR at the level of social security and crew-related costs, is a very positive development for shipowners and a decision which clearly contributes for the consolidation of MAR as one of the main ship registers in the European Union.

 

 

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