Success at Fort Lauderdale International Boat Show

Tuesday, 5 November, 2013

GEORGE TOWN, Grand Cayman — The Cayman Islands Shipping Registry hosted the Cayman Yacht Forum for the second year in a row during the Fort Lauderdale Boat Show earlier this month (October 31 – November 4, 2013).

This year, the Forum, which was co-sponsored by Alley, Maass, Rogers and Lindsay; Campbells; Hill Betts and Nash; Maples and Calder, and Montello Law, focused on several issues facing the yachting industry, including: global economic trends, financial and technical regulatory developments; tax; flag and fiscal issues. The Forum also featured topical roundtable discussions, a panel of industry keynote speakers and a networking reception, drawing more than 75 guests.

The Cayman Yacht Forum was originally established in 2011 to provide valuable information to the yachting industry, describing the features and benefits that registering ships in the Cayman Islands provides to owners, as well as to address any negative views on non-EU flags in general, but particularly the Cayman Islands. The one-hour networking reception allowed delegates the opportunity to meet and discuss the issues and challenges further and to further develop the relationships that are such an important component of the registry process.

Joel Walton, CEO of the Maritime Authority of the Cayman Islands, headed up the Forum, saying: “The 54th Fort Lauderdale International Boat Show and our annual Cayman Yacht Forum were overall successful. With widespread reports of positivity, it ended the 2013 boat show season on a high note.

“It is vital for us to reinforce Cayman as a stand-out jurisdiction for vessel registration, and this is best done in conjunction with the service providers. Strengthening Cayman’s position as an international maritime center is a team effort, and raises awareness of the first-class, quality service offered. This way we will continue to attract more business to these islands,” Mr. Walton added.

The Cayman Islands Shipping Registry takes seriously its responsibility to actively promote and develop the territory’s maritime industry globally, while marketing Cayman as the flag of choice and securing private sector participation.

 

For further information contact: Corporation Communication