NYK-backed Saga Shipholding transfers entire 32-ship fleet to Bahamas Flag

The Bahamas Maritime Authority (BMA) has confirmed that Saga Shipholding, in partnership with Japan’s shipping major NYK and managed by Anglo-Eastern, has transferred its entire fleet of 30 general cargo vessels to the Bahamas Ship Registry. 

In addition, two Saga ships managed by NYK Singapore have also opted for the Bahamas flag during the period, bringing the full fleet of Saga ships (total 32 vessels) now in the process of joining the Bahamas flag.  

This strategic move marks a major milestone for the BMA, representing a 1.56% increase in the authority’s Gross Tonnage, contributing to the growth trajectory of the Bahamian flag worldwide.

“We are truly honoured by this full-fleet commitment from Saga Shipholding,” said Capt. Jahangir Hussain, regional director (Asia), The Bahamas Maritime Authority. “That they selected The Bahamas, among all other available major registries, speaks volumes about our reputation for quality, responsiveness, and technical excellence.” 

The vessels have been transferred in phases, with the final three expected to join the Bahamas flag at the end of June 2025. 

“This is more than just a fleet addition, it’s a vote of confidence in our team, our systems, and our service values,” said Capt. Dwain Hutchinson, managing director and CEO, Bahamas Maritime Authority.