"We are delighted to join the ASA and very much look forward to working with its talented team and broad membership," said Mr Brooks.

"The IOMSR is investing more resources and time in Asia than ever before. It, therefore, makes sound business sense to throw our weight behind the ASA so we can contribute our experience and expertise and crucially add more value for our Asian shipowning clients. Although the IOMSR client base is traditionally European - with Greek owners a very important contingent - about two thirds of Isle of Man tonnage is now managed from Asia, and the percentage is rising. Moreover, we are expanding our presence across the region with full-time representatives in Singapore, China, and Japan."

The ASA ordinary members include the national shipowners' associations of ASEAN member countries, Australia, China, Chinese Taipei, Hong Kong, Japan, and Korea.

"Our talks with the ASA show we are very much aligned on key issues such as decarbonization, ocean conservation, digital innovation and seafarer welfare," said Mr Brooks.

"These issues are at the heartbeat of the IOMSR's operations, and we look forward to sharing our team's knowledge to drive positive change in the sector."

Mr Brooks highlighted many innovations made by the IOMSR recently, which it will share with the ASA.

"Asia is driving so much of the industry with the vast majority of ships being built in China, Japan, and Korea while many of world's largest shipping companies operate out of Asia's key maritime hubs, including Hong Kong, Singapore, and Tokyo," said Mr Brooks.