China sets up its first international ship registry in Hainan

Since the release of the Hainan Free Trade Port Overall Plan in 2020, the maritime sector has implemented reforms and innovations in international ship registration, including introducing the Hainan Free Trade Port International Shipping Regulations and the Hainan Free Trade Port International Ship Registration Procedures. These initiatives have attracted nearly 700 new shipping entities to Hainan and facilitated the registration or transfer of 47 vessels under the China Yangpu Port flag, adding 5.33 million deadweight tonnage of international shipping capacity, which places Hainan among the leading provinces in China for shipping capacity growth, according to the Hainan Maritime Safety Administration.