STATEMENT BY PREMIER AND MINISTER OF FINANCE HONOURABLE ANDREW A. FAHIE
DURING THE SEVENTH SITTING OF THE THIRD SESSION OF THE FOURTH HOUSE OF ASSEMBLY
THURSDAY, 15TH APRIL, 2021
VIRGIN ISLANDS SHIPPING REGISTRY
Mr. Speaker, Your Government continues to significantly invest in the Virgin Islands Shipping Registry (VISR), which will become a major revenue earner for the Virgin Islands. The VISR is poised to become a leading Maritime Authority in the Global economy. Your Government continues to be proactive in this respect through innovation, client focused and comprehensive services. This is to say that the Virgin Islands Shipping Registry continues to plan and prepare itself to be a major contributor to the overall Virgin Islands economy.
The Virgin Islands is a maritime commercial recreational mecca of the western hemisphere and the Virgin Islands Shipping Registry as the maritime administration of the Virgin Islands; is not only responsible for maintaining the maritime safety standards of the Territory, but is also the catalyst that through improvement initiatives and policy adjustments can re-ignite the BVI maritime industries.
Much of that work is now underway and the opportunities to rebalance our commercial maritime economics alongside the requisite improvements for international compliance under the IMO Instruments Implementation Code (Triple I Code) are being undertaken.
Mr. Speaker, Your Government is working feverishly to transition the Virgin…