The second most widely used ship registry by tonnage introduced cost-savings measures in a bid to ease the financial strain on owners and operators, as well as entice more ships to its flag state.

The Liberian International Ship & Corporate Registry (LISCR), the US-based manager of the Liberian flag, said it will waive the certification and mortgage-related fees for registration transactions in Liberia, as well as the fees for the reissuance of safety and port facility certificates for vessels transferring to the registry.

Shipowners