Malaysian International Ship registry

Malaysian International Ship Registry

• Malaysia International Ship Registry (MISR) is a body for the registering of international ships. The MISR encourages ship registration by individual and foreign shipping companies without the requirement of Malaysian majority shareholders, boosting Malaysia’s presence in the international maritime industry.
• The ship registry allows foreigners to hold 100% equity, promoting foreign investments. The registration increases capacity to handle the country’s transportation trade.
• Shipping operations include passenger or cargo transportation by sea and ship chartering on voyage or time charter basis.

Application Requirements

• Eligibility of ship owner:

1. Owned by a corporation incorporated in Malaysia
2. Has a corporate office established in Malaysia
3. Majority of shareholding & voting rights are not held by Malaysian citizens
4. Appoint a ship manager who is a Malaysian citizen residing in Malaysia or a company incorporated in Malaysia with its principal place of business in Malaysia before applying for ship registration

• Ship eligibility and survey requirements:

1. The ship is fitted with mechanical means of propulsion
2. Not less than 1,600 gross tonnage
3. Ship’s age not more than 15 years if a tanker or bulk carrier; not more than 20 years if other than tanker or bulk carrier
4. Ship Surveyor under the direction of the Surveyor-General may authorize the ship’s classification according to the societies recognized by MISR:

• American Bureau of Shipping
• Bureau Veritas
• Det Norske Veritas
• Germanischer Lloyd
• Lloyd’s Register of Shipping
• Nippon Kaiji Kyokai