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The Döhle Group assist with the flagging, registration and chartering of the largest vessels on the Isle of Man Registry

At the end of March 2012, Döhle Corporate and Trust Services, Isle of Man law firm Dougherty Quinn (“DQ”) together with Freeport Trust Company Limited and the Isle of Man Ship Registry facilitated the delivery, flagging and registration at the Isle of Man Ship Registry of the first of nine 13,100 TEU container vessels being built by Hyundai Heavy Industries in Korea, the largest shipbuilder and shipyard in the world. At over 360 metres long and 48.2 metres wide, these vessels are the largest to be registered in the Isle of Man and some of the largest vessels currently in operation in the world. To date three of the vessels (named Hanjin Sooho, Hanjin Asia and Hanjin Europe) have been registered at the Isle of Man Ship Registry.

In May 2013 the 'Hanjin Blue Ocean' registered, completing the series of nine 13,000 TEU container vessels to register in the Isle of Man. With gross registered tonnage at 141,000 for each ship, the entire series adds a healthy 1.26 million GRT to the Isle of Man's growing register. This final ship is the culmination of a project which bought together many new organisations working together for the first time.

The project saw the Isle of Man Ship Registry working with Korean Register of Shipping (KRS) for the first time as part of a pilot project aimed at full recognition of the Classification Society. All nine of the vessels are classed with KRS which oversaw the construction and delivery on behalf of the Isle of Man Ship Registry. Each of these nine container ships is owned by Isle of Man entities, all administered from the Isle of Man. Five ships are directly chartered to Hanjin Shipping and the remaining four are provided to the Döhle Group, which has a substantial office base in the Isle of Man. Döhle provide the four ships to Hanjin Shipping under charters which include the provision of technical services.

Dick Welsh Director of the Isle of Man Ship Registry, commented on the registrations: “This is a very important project for the Ship Registry. Adding nine such prestigious ships will enhance our reputation and add significant tonnage to the register with corresponding benefits for the Isle of Man. It has been a pleasure to work with all of the partners involved in bringing these ships on to the register as smoothly and efficiently as they have been throughout the process.  In all respects this is a case study for the use of the Isle of Man for corporate structures and professional services. It demonstrates the effective public/private partnership which makes the Island so successful and one of its real strengths”.

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