MAR with more competitive fees

Recently, the Regional Government of Madeira approved various measures to strengthen and enhance the competitiveness and attractiveness of the International Shipping Register of Madeira (MAR), among shipowners and international operators.

One of the approved measures is the reduction of the registration fees in order to make MAR more attractive for the registration of larger vessels, since they may represent more revenues as well as multiplying effects on the regional economy.

In addition, a reduction of the annual fee was introduced, more specifically 50% of the annual amount, which will be applicable to shipowners with 30 or more vessels registered. The objective of this measure is to encourage the registration of fleets.

Such measures, recently published in the Official Journal of the Autonomous Region of Madeira, are the result of a thorough and careful market analysis by SDM, having in mind the development of MAR and the International Business Centre of Madeira as a whole.

Order nr. 134/92 - which establishes the fees applicable to commercial ships registered in MAR.