financetom
Business
financetom
/
Business
/
US Virgin Islands ship registry plan will strengthen US shipping, governor says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Virgin Islands ship registry plan will strengthen US shipping, governor says
May 26, 2025 8:52 AM

LONDON (Reuters) - A proposal to create a new international U.S. ship registry domiciled in the U.S. Virgin Islands aligns with President Donald Trump's efforts to strengthen the country's maritime industry and has support from the territory, its governor said.

President Donald Trump's administration is considering the proposal as part of efforts to enlarge the tiny commercial shipping fleet flying the American flag, sources familiar with the matter told Reuters last week.

Using the USVI could be the most efficient way to "strengthen American maritime posture" because it could provide a U.S.-controlled flag without the costly restrictions associated with a straight U.S. flag registration, according to Eric Dawicki, president of the Center for Ocean Policy and Economics research body, which submitted the proposal to U.S. officials.

The proposal was initially presented to the USVI's administration by Dawicki some two years ago, Governor Albert Bryan Jr. told Reuters in emailed comments.

"He (Dawicki) offered us a chance to participate in a novel idea and (we) thought it was one worth pursuing," Bryan said.

"He has been working hard to get this initiative on the radar of Washington and it seems he has succeeded."

White House officials did not immediately respond to a request for comment.

Dawicki previously co-founded the Dominica flag registry.

Increasing the number of U.S.-flagged vessels is important for Trump's administration because it would enhance the ability of the U.S. commercial shipping fleet to provide logistical support for the military in time of war, and ease Washington's dependence on foreign ships to transport supplies and equipment across sea lanes.

"The initiative makes sense and is in alignment with the Trump administration's initiative to strengthen American shipping," Bryan said.

"We are very excited and look forward to being able to support this initiative to its fruition."

In previous conflicts, such as the 1991 Gulf War, the U.S. relied upon foreign-flagged vessels to bolster shipping access.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Italdesign CEO says parent Volkswagen may decide unit's future by year-end
Italdesign CEO says parent Volkswagen may decide unit's future by year-end
Oct 28, 2025
* Could sell Italdesign or a stake amid Europe overhaul * UST Global mulls majority stake in Italdesign, talks ongoing MILAN, Oct 28 (Reuters) - Volkswagen could decide on the future of its Italy-based design and engineering unit Italdesign by the end of this year, Italdesign CEO said on Tuesday. The German automaker, which is under pressure to overhaul its...
Meatpacker JBS hit with US lawsuit over climate target
Meatpacker JBS hit with US lawsuit over climate target
Oct 28, 2025
* NGO Mighty Earth alleges 2040 net-zero target misleading * Case filed in DC court; New York AG to refile similar claim * NGO reports Barclays ( BCS ) to UK watchdog for 'facilitating' JBS * Latest challenges come ahead of COP30 climate talks By Simon Jessop, Kirstin Ridley and Luciana Magalhaes LONDON, Oct 28 (Reuters) - Brazil's JBS has...
Russia's Gazprom raises 2025 investment plan to 1.615 trillion roubles
Russia's Gazprom raises 2025 investment plan to 1.615 trillion roubles
Oct 28, 2025
MOSCOW, Oct 28 (Reuters) - Russian gas giant Gazprom has revised its 2025 investment programme upward by 91.7 billion roubles, bringing the total to 1.615 trillion roubles ($19.9 billion), the company said on Tuesday. Deputy CEO Famil Sadygov said Gazprom expects revenue from gas sales to reach 4.9 trillion roubles in 2025. Earnings before interest, taxes, depreciation and amortisation for...
VSee Health Surges On Federal Approval, Opening Doors To More Government Partnerships
VSee Health Surges On Federal Approval, Opening Doors To More Government Partnerships
Oct 28, 2025
VSee Health Inc. ( VSEE ) stock is trading higher on Monday, with a robust session volume of 187.07 million compared to the average volume of 5.22 million as per data from Benzinga Pro. The AI-powered telehealth company received its Authority to Operate (ATO) at the FedRAMP High level from the U.S. Department of Health and Human Services (HHS). The...
Copyright 2023-2026 - www.financetom.com All Rights Reserved