Monrovia – The Liberian Maritime Authority, home to the world’s largest Open Registry, has announced the renewal of its historic maritime partnership with the People’s Republic of China.
This agreement, designed to foster stronger relations between the two nations, promises significant economic advantages for vessels registered under the Liberian flag, according to the Liberia Maritime Authority.
The agreement was officially signed by Neto Zarzar Lighe Sr., Commissioner of the Liberia Maritime Authority, and Hon. Li Xiaopeng, Minister of Transport for the People’s Republic of China.
As part of the renewal, Liberian-flagged vessels will continue to enjoy preferential tonnage dues when calling at any Chinese port. “We are pleased to reaffirm this vital agreement with the People’s Republic of China,” stated Commissioner Lighe.
“This partnership not only provides significant economic advantages to our fleet but also strengthens Liberia’s position as the preferred flag for international shipping.”
We are pleased to reaffirm this vital agreement with the People’s Republic of China. This partnership not only provides significant economic advantage to our fleet but also strengthens Liberia’s position as the preferred flag for international shipping.
Liberia Maritime Authority
The agreement places Liberia in a highly competitive position compared to other flag states that lack formal diplomatic ties with China. For instance, vessels registered under the Marshall Islands flag do not benefit from the same port dues discounts in Chinese ports.
This preferential treatment for Liberian vessels not only enhances operational efficiency but also solidifies Liberia’s standing as a global leader in the shipping industry.
In addition to financial benefits, the agreement offers operational advantages, such as expedited customs procedures and streamlined port formalities for Liberian vessels in Chinese ports.
Chinese authorities have committed to minimizing delays for Liberian-flagged ships, thereby improving the reliability and efficiency of their operations.
This renewed partnership is a strategic win for Liberia, further bolstering its maritime sector and reinforcing its position as a top choice for international shipping.
