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Ship registry to offer discount to vessels using green technology

IoM registry will become first flag state to do so

The Isle of Man Ship Registry's set to become the first flag state in the world to offer reduced registration fees for boats deploying green technology.

From April the 15 per cent discount will be available to cargo vessels, commercial yachts or passenger ferries which invest in bio or alternative fuel, wind and shore-side energy technology  

Deputy director Toby Brooks says despite the reduction there could actually be an increase in revenue:

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