Indian Register of Shipping signs recognised organisation agreement with Cyprus. Credit: Indian Register of Shipping.

The Indian Register of Shipping (IRClass), a ship classification society, has received ‘recognised organisation’ authorisation from the Republic of Cyprus.

The authorisation will enable the ship classification society to offer classification services to Cyprus-flagged vessels.

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IRClass in its press statement said that it is ‘actively engaging’ with numerous owners and hopes to class vessels under the Cyprus flag ‘as early as August’.

The statement added: “Recognition as RO by the Republic of Cyprus, the 11th largest flag in the world, further enhances its strategy to focus its services within the European shipping community to build upon its business in the region.”

The agreement was signed in a ceremony held in Limassol on 23 July 2019. It was attended by the Deputy Minister for Shipping, Natasa Pilides, Shipping Deputy Ministry’s permanent secretary Costas Iacovou and IRClass vice-president and regional manager (EU & Americas) Praveen Mishra.

Mishra said: “IRClass is really proud to have been formally recognised as a ‘recognised organisation’ by the Republic of Cyprus.

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“This enables us to offer our classification services to Cyprus-flagged vessels and further enhances our reputation in the European market as a trustworthy classification society.”

IRClass secured recognition from the European Union in 2016. It has been operating in Europe for more than a decade with offices in the UK, Greece, Netherlands and Turkey. It has also representative offices in Malta, Cyprus and Bulgaria.

In Europe, IRClass is focusing on ferries and small vessels and has already won some business with ferry operators in the Greek market.

During the last two years, IRClass opened several new offices in Saudi Arabia, Qatar, Abu Dhabi, Malaysia and Indonesia.