{
  "id": 14176346,
  "title": "MAR surpasses 30 million GT",
  "url": "https://urgent.news/2026/10/13/mar-surpasses-30-million-gt",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-13T10:00:51.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/mar-surpasses-30-million-gt/"
  },
  "original_language": "en",
  "account": "The International Shipping Register of Madeira (MAR) has surpassed the 30 million gross tonnage mark, bringing Portugal's flag closer to the ranks of the world's top ten largest ship registers. This achievement marks a significant milestone for the Portuguese flag, as it has nearly doubled in size since 2020. The objective is for the Portuguese flag to enter the top ten flag states by 2027 and become the second-largest register within the European Union. Despite this growth, the fleet quality remains high, with an average vessel age of just 13.3 years, making the Portuguese flag the youngest among the major European Union registers. The MAR continues to maintain its white-list status under both the Paris and Tokyo Memoranda of Understanding, ensuring the flag's continued adherence to international standards. Portuguese shipowners and managers have expressed several reasons for choosing the MAR, including EUROMAR's around-the-clock service, reduced port fees in Brazil and China, and the flag's strong support from Portugal's diplomatic network of approximately 110 missions worldwide. This achievement signifies the trust placed in the MAR by shipowners and managers, and the register looks forward to continuing to support their fleets as it works towards its targets for 2027.",
  "summary": "The International Shipping Register of Madeira (MAR) has passed 30 million gross tons, bringing the Portuguese flag close to the ten largest ship registers worldwide. The registered fleet has roughly doubled in size since 2020. MAR-fleet-size The objective is for the Portuguese flag to enter the top ten flag states in 2027 and to become ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}