The Bahamas is one of the first Council members to present its annual assessment payment to the IMO

On 5th February 2020, The Bahamas continued its long-held tradition of making its annual assessment payment to the International Maritime Organisation (IMO) in full and in advance of the payment deadline.
The contribution for 2020 was followed up by a courtesy call at the IMO’s London headquarters by a team of representatives from The Bahamas led by The Bahamas High Commissioner HE Ellison Greenslade and The Bahamas Maritime Authority (BMA) Managing Director and CEO Captain Dwain Hutchinson.
As one of the world’s leading Ship Registers, The Bahamas’ annual assessed contribution represents 4% of the IMO’s overall 2020 budget, making the Bahamas one of the largest financial contributors to the organisation. This year’s contribution was in excess of US$1.3M.
The IMO Secretary-General thanked them for the positive role that The Bahamas Government and The BMA has played, and continues to play, as a long standing Council member at the IMO and for being among the first Member States every year to pay their contribution in full.
Related News.
October 15, 2026
Hong Kong Global Maritime Trade Summit to return for third edition
The International Chamber of Shipping, in collaboration with the Transport and Logistics Bureau of the Government of Hong Kong and the Hong Kong…
October 15, 2026
Appetite for US crude oil exports climbs despite high freight
South Korea tops US crude destinations at 568,600 b/d VLCC rates to Asia double, closing arbitrage window European refining margins…
October 15, 2026
Shipping stocks Rally as Hormuz Traffic plunges 75%
Ship traffic through the Strait of Hormuz — a critical chokepoint handling about 20% of global crude oil and liquefied natural gas shipments — has…
October 15, 2026
Diana Shipping announces Time Charter Contract for m/v G P Zafirakis with Classic Maritime
Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a…
October 15, 2026
New IMO ESP Code framework for Remote Inspection Techniques
The International Maritime Organisation, through Resolution MSC.584(111) , has adopted amendments to the International Code on the Enhanced…
October 15, 2026
ABS opens Offshore & Marine Support Center in Bergen
ABS has expanded its capabilities in the Norwegian maritime market with the opening of a cutting-edge support center in Bergen, bringing advanced…
October 15, 2026
MOL holds giant step memorial ceremony and beach cleanup at Kashima Coast
Memorial and Reflection 20 Years After the Accident: Learning from the Past to Foster an Even Stronger Safety Culture Mitsui O.S.K. Lines, announced…
October 15, 2026
KEZAD-based Arabian Gulf Steel Industries achieves lowest verified Carbon Footprint for Rebar
CARES UK verified Environmental Product Declaration confirms 139 kg CO₂e per tonne for rebar produced at AGSI’s KEZAD Abu Dhabi facility Arabian…
October 15, 2026
Indian Register of Shipping announces launch of first fleet support ship INS Surya
Indian Register of Shipping continues to strengthen its role in supporting the Indian Navy and India’s naval shipbuilding capabilities through the…
October 15, 2026
VLCCs Climbing the Record Charts
LR2 The TC1 75kt MEG/Japan index decreased by only a single point this week to WS928. The corresponding Baltic round-trip TCE fell by $2,000 to…
Subscribe to our newsletter!
if you dont want to swim alone in the ocean of news, sign up for the newsletter, and you will receive daily all the important news of world shipping!
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved
Design & Development by P.KAN.DESIGNER
© 2026 Cyprus Shipping News. All rights reserved























