The Faroe Islands flag (FAS): what it actually offers a Turkish or Greek owner

FAS is small, state-backed and Scandinavian — a combination that behaves very differently from a classic flag of convenience. Here is what it gives an owner in Turkey or Greece, and where it is the wrong choice.

Ship Registry · 6 min read · by İlker Ertuğrul Akkan

What FAS is

The Faroe Islands International Ship Register (FAS) is the international register of the Faroe Islands, operating within a Scandinavian legal framework. Akkan Maritime has been its exclusive representative for Turkey and Greece since 2017.

Our role in that representation is to make the flag visible and properly understood in our region — and, in the other direction, to carry what we learn in the field back to the flag state. That second part matters more than it sounds: a register that hears quickly what owners in a given market actually need is a register that can respond.

What the flag offers

Where FAS is the wrong answer

An honest register recommendation has to include this part. FAS is not the cheapest flag available, and it is not built to be. Owners whose only criterion is the lowest annual cost, or who want a register that will not ask difficult questions, will be happier elsewhere — and will find the FAS process frustrating.

The flag earns its place where the owner's commercial position depends on being taken seriously in Northern Europe: Nordic trading, Scandinavian charterers, European financing, or a fleet strategy that needs a white-list flag with a real technical department behind it.

How registration runs in practice

We handle the enquiry, the documentation and the coordination with the register from our Tuzla office, in Turkish, Greek-market English, or directly with the register as the case requires. Because we sit between the owner and the flag state rather than simply forwarding forms, most of the friction in a registration — missing documents, class timing, mortgage registration sequencing — gets resolved before it becomes a delay.

Note: Akkan Maritime represents FAS for commercial vessels in Turkey and Greece. Tax outcomes depend on the owner's own structure and should be confirmed with a tax advisor.

İlker Ertuğrul Akkan — signature
İlker Ertuğrul AkkanNaval Architect · Founder & Managing Director, Akkan Maritime A.Ş. — working in shipbuilding since 2002.

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