Liberian Registry CEO announces new tool to strengthen maritime compliance

(Posted on 13/08/24)

Alfonso Castillero, the Chief Executive Officer of the Liberian International Ship & Corporate Registry (LISCR), the world’s largest ship registry, has delivered opening remarks at the launch of the innovative Registry Information Sharing Compact (RISC) database. This groundbreaking initiative, created as a sovereign decision by Member States and reputable flags, aims to keep flag registries informed and up-to-date with vessels' backgrounds and any sanctions issues.

The joint press conference, held in Washington, DC, was supported by the U.S. Department of State and included participation from several embassies representing various flags. The RISC database is a free online tool for consultation among flags wishing to share and access details on vessels' backgrounds. It allows flag registries to share and research information on problem vessels that may be evading regulations or engaging in suspicious activities. By sharing this data, flag registries can be more informed, eliminate risks, and prevent flag-hopping when under investigation.

"The Registry Information Sharing Compact database marks a significant advancement in our collective efforts to maintain the integrity and security of global shipping. With this platform we are strengthening our defences and working together to uphold the highest standards of compliance and safety,” said Castillero.

The Liberian Registry has a long-established track record of combining the highest standards of safety for vessels and crews with the highest levels of responsive and innovative service to owners. Comprised of over 5,500 vessels aggregating 260+ million gross tons, representing more than 16 percent of the world’s ocean-going fleet. Moreover, the Liberian Registry has a well-deserved reputation for supporting international legislation designed to maintain and improve the safety and effectiveness of the shipping industry and the protection of the marine environment.”??