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FEATURE

CMT Corporate Services Limited are key partners in the success of the Antigua and Barbuda Shipping Registry. CMT and its predecessor firms as well as its affiliated law firm (Roberts & Co) have been working with ADOMS for the past 25 years. Sir Clare K. Roberts was instrumental in the drafting of the initial Merchant Shipping Act, when he served as Solicitor General of Antigua and Barbuda. CMT provides corporate management services to international clients wishing to register their vessels under the Antigua and Barbuda flag and in this regard work closely with both the Antigua and German offices of ADOMS.

The Antigua and Barbuda Shipping Registry is established and operated under the provisions of the Antigua and Barbuda Merchant Shipping Act, 2006 and is administered by the Antigua and Barbuda Department of Marine Services and Merchant Shipping (ADOMS). CMT Corporate Services Limited (CMT) is engaged in providing corporate management services to international clients, including the formation of international business corporations. It is regulated by the Financial Services Regulatory Commission under the Corporate Management and Trust Service Providers Act. Under the Antigua & Barbuda Merchant Shipping Act 2006, vessels which are owned by Antigua international business corporations must satisfy the nationality requirements for registration under the Antigua and Barbuda flag. Therefore corporate service providers such as CMT 68 |

BusinessFocus • December/January 11/12

During the past 25 years CMT has seen the Antigua and Barbuda Shipping Registry grow from a fledging registry to a world class registry, currently ranked in the top 20 with regards to merchant shipping and with some 1400 ships on its register. Its Antigua office has grown from a staff of occupying a few tiny offices at the Port Authority Building to its present location. The German office has experienced similar growth. We understand that ADOMS has plans to build a modern state of the art office building in St Johns which can only further enhance its imagine as a world class shipping registry in the eyes of the international shipping sector. The management of ADOMS has indicated its vision of diversifying its market both in terms of the geographical location of its client base and in the types of vessels. To date the Registry has focused mostly on merchant ships with European connections. As part of the diversification process relevant regulations were recently passed to formalize a yacht registry and ADOMS is about to officially launch its yacht registry with emphasis on the mega-yachts. In pursuit of this vision, ADOMS secured their own space as an exhibitor at the

Business Focus Antigua Issue 40  

As 2011 comes to a close and we enter 2012, the forecast for the world economy continues to be news of job cuts and hints of a "double dip"...

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