MCI SINGAPORE VISIT 2016 – MARKET MEETS
In March 2016, Maritime Cook Islands (“MCI”) senior management team visited Singapore to help raise awareness of the Cook Islands flag, promote and advocate its many advantages such as its unique legislation, asset protection laws and efficient registration services.
The MCI team was led by Glenn Armstrong, CEO, board members Tony Manarangi and Mike Mitchell. They were also accompanied by Taimata Allsworth, Asia fleet manager and Antony Will, Managing Director of Cook Islands Trust Corporation Ltd.
A maritime and finance seminar was the main focus of the MCI delegation and was hosted jointly with Singapore deputy registrars, Tai Yeng Cheng of OSPL Pte Ltd and Hilda Loe of Hilda Loe Associates Pte Ltd.
The seminar was held at the iconic Fullerton Hotel in the heart of Singapore’s CBD. With over 60 professionals from the maritime, finance and law industry, the seminar was well attended and well received.
In Glenn Armstrong’s opening address, he presented on the history of MCI, its operations and how the ship registry has grown from strength to strength.
MCI now has 28 deputy registrars (DRs) around the world and is looking to increase that number to provide improved efficient services for its clients worldwide. The already strong network of DRs are empowered to register and certify vessels under the Cook Islands flag in accordance with the quality management system and the use of MCI’s online registry system.
MCI’s stakeholders have all benefited from the greater use of technology in vessel registrations. The new online database enables faster turnaround, secure registrations and less room for human error with built in quality controls. MCI plans to continue looking at ICT technology to help improve its services and has already begun investigating mobile apps to assist in vessel surveys and improved client services.
MCI Director and lawyer, Tony Manarangi gave a presentation on the Cook Islands legislation and regulatory system. Tony particularly addressed legislation and ship mortgages, the benefits under Cook Islands law and the options available to a financier should there be a default.
The final presentor of the day was Antony Will, Managing Director of Cook Islands Trust Corporation. An expert in Asset Protection Trusts, Antony spoke on how to structure a vessel’s ownership with a Cook Islands entity so as to take advantage of Cook Islands Law, its tax exemptions and high levels of confidentiality.
Aware of the increasing scrutiny of tax havens, Antony highlighted that the Cook Islands is an associate member to the Financial Action Task Force (FATF), rating very highly in combating money laundering and terrorist financing; as well as a member of the OECD Global Forum on transparency and exchange of information for tax purposes. This ensures that the Cook Islands is able to maintain its good reputation with both OECD and non-OECD countries.
The seminar was then opened to the floor for question and answers, followed by a cocktail session held in the foyer. It was a great way to conclude the evening, for MCI to mingle amongst industry representatives and enjoy the seminar’s great success.
CAPTAIN MORELAND RECEIVES LIFETIME ACHIEVEMENT AWARD
Captain Daniel Moreland, master of the Lunenburg, Nova Scotia based sail training ship Picton Castle, has received Tall Ships America’s highest honour, the Lifetime Achievement Award.
The Picton Castle is a Maritime Cook Islands (“MCI”) flagged ship and MCI is extends its congratulations to Captain Moreland.
Presented earlier this year in Quebec City at the joint conference of Sail Training International and Tall Ships America, the Lifetime Achievement Award is given to an individual who has dedicated his or her life’s work to getting people to sea under sail and who has worked to preserve the traditions and skills of sail training.
Receiving the award, Captain Moreland said “I accept this award in the name of the crew of the Picton Castle of the last 20 years. They often say it’s my dream to sail around the world, but we wouldn’t get off the dock if it wasn’t also their dream, wasn’t principally their dream.”
Moreland began his career at sea by sailing sloops and schooners amongst the islands of the Eastern Caribbean, then signed on as mate aboard the brigantine Romance for a world circumnavigation under the command of Captain Arthur Kimberly.
Receiving this award in front of an international audience was especially fitting as Moreland continued his seafaring career in Europe aboard Denmark’s state training ship, Danmark. In his acceptance speech, Moreland acknowledged his Danish captains as mentors, as well as the ongoing work both Danmark and the other Danish training ship Georg Stage do in training mariners today.
After his award-winning restoration of the schooner Ernestina ex Effie M. Morrissey, development of the sail training program aboard the US Brig Niagara and working as master and mate aboard various sail training vessels, Moreland turned his attention to Picton Castle.
Moreland selected, designed and rigged the ship, with most of the work being done in Lunenburg, Nova Scotia, then proceeded to command her for most of the past 20 years, including six world circumnavigation voyages.
Picton Castle’s mission is sail training, provided on long voyages to international and exotic ports while crossing oceans and sailing deep waters. Trainee crew participate fully in all aspects of shipboard life, standing watches, taking the helm, handling lines and sails, and assisting with the maintenance of the ship. Through this, they play a part in preserving traditional seamanship skills and, perhaps more importantly, develop the skills required to work with others as responsible, resourceful citizens.
GATHERING OF THE SUPERYACHTS: AN INSIDERS’ TAKE
For the second year running Maritime Cook Islands (“MCI”) have been proud sponsors of the MYBA Charter Show held in Genova from 2- 5 May.
The event was held in the Marina Molo Vecchio area of the port and was organised by the Pesto Sea Group, attracting a global attendance of superyachts and the most prestigious Charter agencies and Brokers. Present at this year’s event were 60 yachts ranging from 30 to 100 meters and as the event was closed to the public – only trade delegates were allowed so it was a great opportunity to meet with captains, managers and all those involved in the yachting industry.
One of the partners in the Pesto Sea Group, Massimiliano Pesto, is not only a close friend of mine but also introduced MCI to me, which in effect helped launch Cook Islands into the Superyacht world and was a great help with introducing me to everyone at the event.
The Cook Islands are the only flag to be represented at the MYBA and for the first time this year attending the show was a yacht flying the Cook Islands flag, MY Victory.
The first edition we attended last year marked the beginning of MCI to be represented in Italy and the Mediterranean Superyacht world. During the show we registered our first yacht, MY JFF, so it has proved to be a very good event to attend and be present at!
Yacht shows are usually a flurry of meetings, talking, eating and drinking. This one is no different, with the advantage of not being distracted by the general public and having 60 of the world’s most luxurious yachts at your disposal for making contacts with. And the best part – be wined and dined by the great chefs working on-board these yachts!
Many of them have worked for Michelin star restaurants and the quality of the produce is granted by one of the world’s finest food suppliers for yachts, NeKo in Holland. Fortunately, these guys had their booth next to ours in both editions so we have always been treated to the finest of lunches and after show drinks.
The MYBA Charter Show has given us the opportunity to make an important statement in the market and it has given us excellent visibility within the industry. There are always tons of follow up meetings and travel post event so there is not much time to relax.
Going to my next meeting now. Let’s hope it’s a good one and that I sell the flag!
By Grant Hobart (firstname.lastname@example.org) – DR for Italy
DR FOCUS – EFTHIMIOS LIBEROPOULOS
In this issue, we interviewed Efthimios Liberopoulos, the appointed deputy registrar of Greece, who shared his story on he came to become a part of the Maritime Cook Islands.
Look out for him at Posidonia too – He will be representing MCI at the event and can be found at Hall 2, Stand 2.245.
- Who do you work for?
I founded LiberoGroup and it is a technical and management systems certification body that provides services to the shore and maritime industry. The group works together with a standard team of maritime and industry experts to provide high quality services to its clients. For more information, visit www.liberoservices.org and www.liberoassurance.org
- What is your job for that company?
I am the founder and first CEO of the group and now I am the Chairman on the board of directors as well as the impartiality committee. On top of that I am also a DNV-GL Master trainer.
- How did you get involved with MCI?
Since my term as Maritime Attaché and Technical Advisor for the Hellenic administration in the IMO, I have monitored Cook Islands closely via their representative there. Captain Ian Findley and I have established a friendship, such that after I retired from the Hellenic Coast Guard in the Rank of Rear Admiral, I choose to represent the Cook Islands in Greece and West Asia.
- What progress has been made since you linked up with MCI?
Since our initiation on 2010, we have registered approximately 175 vessels and have established STCW training for the seafarers. We have today, two maritime training centres under our care.
- What do you normally tell Owners and Operators about MCI when you are spreading the word about them?
We strive to convert our clients to the MCI flag because as their consultant, we can offer the same level of technical and registration services 24/7. On top of that, we also:
– Provide maritime training and issue STCW Certificates for officers and crew on behalf of MCI
– Provide e-learning for the additional training needed (pending acceptance by MCI)
– Approved by the Hellenic Administration as “For life training centre – level two”
- Do you think MCI has a natural target audience in where you are generally?
There is a trend towards newer and more efficient vessels for both the Greek and UAE market according to statistics in the shipping news – showing a reduction of vessels over 20 years from 400 to 250 vessels.
At this point I would like to state that the average age of the Greek fleet is 11 years. MCI is working hard to move to the white list which is required by most of the Greek owned fleet. This effort needs to be doubled up and more efforts need to go into capacity building.
- What does MCI need to do to make itself even more attractive to Owners?
Go to the grey and then to the white list.
- Where do you see your relationship with MCI in five years’ time?
We believe our relation will keep up and we will be able to make MCI one of the top options for the Greek and Arab maritime community.
- What is the most interesting thing about yourself that no one knows about?
I chase ducks in the English fields and wild foxes in the great lakes.
COOK ISLANDS SAILORS QUALIFY FOR THE 2016 OLYMPIC GAMES
It is a dream come true for the Cook Islands sailors Teau McKenzie (Laser Radial) and Taua Henry (Laser) who will represent Cook Islands at the 2016 Olympic Games.
Both sailors have been proudly sponsored by the Cook Islands Yacht Squadron (CIYS) from day one, since they embarked on their training four years ago. The CIYS is delighted to see the duo meet qualifying standards at the ISAF Sailing World Cup in Melbourne, Australia, to book their tickets to Rio de Janeiro, Brazil for the Olympics.
McKenzie finished 13 out of 20 participants while Henry managed 23rd spot at the competition in Melbourne.
Both McKenzie and Henry were part of the World Sailing’s Emerging Programme which proved to be an important component in their developments.
The duo grew from sailing Optimists in their early teens through to the laser class.
The 20-year-old McKenzie, who has been sailing since 12, has been competing internationally since 2009.
Henry, 25, who started sailing in a wooden Optimist when he was nine, gradually moved on to plastic Optimist before upgrading to a Laser.
He started travelling overseas for international competition in 2007 and has since participated in eight of the Emerging Nations camp.
McKenzie and Henry have spent the last four weeks working intensely with Australian coach Laura Baldwin at her training facility in Sydney.
Henry thanked his coach and supporters for helping him realise his Olympics dream.
“Thank you to all the family and friends for the support, your encouragement is my strength to push through to this level,” Henry posted on Facebook.
From everyone at the Maritime Cook Islands – here’s wishing them all the best in their endeavour!
MCI AT THE PALM BEACH INTERNATIONAL BOAT SHOW
The 31st Annual Palm Beach International Boat Show, March 17 – 20, 2016, is one of the top five boat shows in the United States – featuring more than $1.2 billion worth of boats, yachts and accessories from the world’s leading marine manufacturers.
Bikini babes and exotic cars livened up the show and so did the Maritime Cook Islands (“MCI”) representatives from Interforce Inc.
Captain Andy Scheer and his team represented MCI at the event with a booth and they have been exhibiting at the event since 2014.
“It was a good show and more importantly it shows Cook Islands Registry there, every year and it builds credibility. We enjoyed the show and we will be there again next year.” Commented Captain Andy Scheer.
If you missed them at the show, feel free to get in touch with them at email@example.com.
SIX COOK ISLANDS FLAGGED YACHTS FEATURE AT THE SINGAPORE BOAT SHOW – 7th – 10th APRIL, 2016
The Singapore Yacht Show was held from the 7-10th April 2016 at the award winning marina, One15°, Sentosa Cove, attracting visitors, not only from Singapore but from across the region. The Singapore Boat show is now considered to be the most important boat show in the whole of Asia, including China.
This stunning marina was the perfect location to showcase a spectacular host of yachts and superyachts from Simpson’s Floating Flotilla, presenting a wide range of vessels including the San Lorenzo 104, two Monte Carlo yachts, Lagoon Catamarans and Beneteau Oceanis 38. Princess Yachts, who showcased their 31@50, the first ever model to be built by the brand which has undergone a unique restoration in celebration of its 50th anniversary and the all new Princess 75 who made her regional debut at the show. Frazer Yachts, showcased their triple yacht sensation, the 50m Sensation, the impressive 43m superyacht Triple 8 and the recently refitted Azul A.
These three yachts from different builders represent the full range of yachts available to this new and developing market. And from the renowned yard Amels, the stunning 55m superyacht La Familia. Benetti returned with one of its most revered yachts of the last few years, Lady Candy, a majestic 56m superyacht. Reel Torque distributor for their joint exhibitor partners Riviera Australia and Hatters Yachts showcased a wide range of yachts including the luxurious 75 Enclosed Flybridge Seabreeze.
First time exhibitors at the Singapore Boat show, Camper and Nicholsons showcased Celandine, the classic gentleman’s motor yacht built in 1960. Sunreef Yachts, the world leading bespoke catamaran builder used the Singapore Yacht Show to world premiere its latest model, the 68 foot Eagle Wings.
And of course not forgetting the yachts flying our very own Cook Island flag, Seabreeze, 65m, Band of Gypsies, 21.48m, Nonni., 19.77m, Sedna, 23.95m and Pali Pali, 11.6m
The combined Asia Pacific Conference and Singapore Yacht Show provided a very relaxed environment to network with representatives from all aspects of the yachting industry. The Singapore Yacht Show is growing from strength to strength. A must attend for anyone involved in the Yachting Industry.
Asia Pacific Yachting Conference 5-6th April 2016
The Asia Pacific Yachting Conference ( APYC) was a two day conference held at the award winning One 15° Marina Club, Sentosa Cove. It is the primary industry platform for leisure marine professionals in the Asia Pacific Region. Chaired by Martin Redmayne, Chairman and Editor-in-Chief of The Superyacht Group, it featured thought provoking and engaging keynote presentations and panel discussions covering a myriad of topics from sustainability to strategic alliances. Delegates were able to take in a full programme of technical and case study presentations by leading industry experts.
Programme highlights included:
• Global Superyacht Report
• Global Wealth Report
• Insights into planning and vessel operations in the regions
• Business in Asia on strategy and navigating the legal landscape
• A holistic approach to yacht management.
The show was attended by Duncan Findlay, Technical Manager, Katrina Brown, Marketing Manager, Grainne Keyes, Fleet Manager and Ian Stockbridge, Deputy Registrar.
SEE YOU AT POSIDONIA!
Maritime Cook Islands will be represented at Posidonia this year by Liberoervices. Deputy registrar, Efthimios Liberopoulos, will be at Hall 2, stand 2.245! See you in Athens!