tal protection and social responsibility seriously. Gallagher in-sists, “We have owners who will lay up a ship even when there are commercial pressures as they look at those three elements and do the right thing.” In turn, though, he knows that owners are also vetting the Registry with their own criteria. The num-bers say that they like what they see. In a time of razor thin operating margins that translate into leaner and meaner operators with fewer back of