Luxembourg boasts one of the lowest detention and deficiency rates in Europe
Luxembourg is classified as a White-Listed flag by the Paris Memoranda of Understanding and is recognized by the United States Coast Guard for its commitment to excellence in ensuring compliance with international standards.
Annual flag state inspections complement Owners’ own regulatory compliance efforts and help mitigate operational disruptions that may negatively impact vessel profitability and residual value. A clean performance record can notably extend a vessel’s commercial life and protect its resale value.
A vessel’s port state control record can also provide a clear indicator of future insurance claims.