The International Maritime Organization (IMO) brought its revised CII rating requirements into force in January 2026, offering flag state fee reductions to vessels achieving an A or B rating. Ocean Grow advises all owners of managed vessels to plan their annual operational data reporting early, in order to meet the latest rating requirements and qualify for the available incentives.
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The Panama Maritime Authority (AMP) has announced an adjustment to annual vessel registration fees effective July 2026, an increase of approximately 8-12% affecting all Panama-flagged vessels.
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Ocean Grow completed the annual ClassNK (Nippon Kaiji Kyokai) authorised partnership audit in March 2026, maintaining its multi-society service capability.
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The ILO has announced an increase to the MLC 2006 recommended minimum wage. Flag states are expected to incorporate it into employment agreement requirements in Q3 2026, and owners should prepare early.
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The latest figures show Taiwanese owners continuing to move towards outsourced management, with demand for ISM Code compliance consultancy up around 15% year on year, concentrated particularly in the bulk carrier segment.
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Ocean Grow's management team was invited to the 2026 Asian Maritime Forum to present real-world applications of digital document management systems in ISM Code audits.
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In 2025 Ocean Grow expanded its managed fleet to more than 18 vessels, covering bulk carriers, container ships and tankers, with flag state coverage extended to nine jurisdictions.
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In an interview with the financial press, Ocean Grow shared more than two decades of hands-on experience in ship safety management, along with its strategic perspective on helping owners respond to IMO decarbonisation regulations.
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