Since the China Yangpu Port ship registry was established in June 2020, its fleet has grown to 101 vessels, with a combined carrying capacity of more than 8.9 million deadweight tons. A growing number of shipping companies are choosing to register their ships in Hainan.
For shipping companies, selecting a port of registry involves weighing costs, efficiency and service. China Yangpu Port is attractive for three main reasons: lower costs, simpler procedures and greater peace of mind.
On cost, Hainan Free Trade Port policies help reduce ship acquisition and operating costs. These include zero tariffs on eligible imported vessels, export tax rebates for qualifying domestically built vessels, and “dual 15%” corporate and personal income tax incentives.
On procedures, Hainan accepts technical parameter certificates instead of traditional technical drawings for ownership registration of newly built vessels. Online platforms provide one-stop processing and coordinated services, bringing together registration, approval and regulatory procedures. This reduces paperwork and office visits, making registration more efficient.
Hainan Rongsheng Shipping Co., Ltd., established in Yangpu this year, has seen the difference firsthand. In the past, transferring registration and obtaining certificates would have taken at least a month. In Yangpu, the Hainan International Ship Registration Administration provided one-to-one support and reviewed documents in advance. From formal application to completion of ownership registration, the process took just one day. Rongshengxing became the 101st vessel on the China Yangpu Port registry.
Greater peace of mind is another factor. Hainan has pioneered an island-wide single-port registration model. Under this model, eligible international vessels use China Yangpu Port as their port of registry, giving businesses more consistent and clearer registration rules.
As more vessels join the registry, Hainan is building closer connections with global shipping networks through Yangpu.