Liberian flag posts 2010 growth

The Liberian-flag fleet posted record growth figures in 2010 and has now doubled in size in the ten years since the management of the Liberian Registry was assumed by the US-based Liberian International Ship & Corporate Registry (LISCR).

The Liberian-flag fleet was boosted by 586 new registrations last year. Of these, 149 were newbuildings. Net growth was 338 vessels, aggregating 13.6m gt. The average age of the 586 new registrations was 5.46 years, compared to the 17.32 average age of those vessels removed from the registry. The average age of the Liberian-flag fleet is now just 12 years.