Flags of Convenience

New flag registry performance rankings revealed

Pictured: flags of the world. Credit Nick Fewings via Unsplash.

The top-performing open ship registries in the world have been revealed by the Paris Memorandum of Understanding on Port State Control.

The Paris MoU ranks flag states each year by safety and compliance performance and publishes the results in its “White-Grey-Black” list every year. The top of the White List represents the best-performing flag states.

The methodology is pretty complicated but, in summary, the list is based on the...

https://www.shippingaustralia.com.au/new-flag-registry-performance-rankings-revealed/

Understanding the Maritime Liabilities & Importance of Flag States

As Sri Lanka deals with its worst marine ecological disaster after the sinking of a Singapore-registered container ship, questions have been raised about who bears the responsibilities in maritime incidents, reports Xinde Marine News.

Major environmental disaster

The stricken ship, X-Press Pearl, sailed under the flag of Singapore. It is owned by Singapore-based shipping group X-Press feeders, which has offices around the world.

The vessel was sailing from India to Colombo when it caught fire on...

https://mfame.guru/understanding-the-maritime-liabilities-importance-of-flag-states/

Panama Missing $15 Billion/Year Amid Registered Shipping Emissions

  • Carrying capacity of the world’s 60,000 largest ocean-bound vessels has increased from 800 million deadweight tons in the year 2000 to over 2 billion in 2020.
  • At the moment, most of the world’s ships are registered in just a handful of nations.
  • By registering in such offshore locations, these ‘flag states’ set the standard by which ships should be certified.
  • Ships are essentially fronts for the oil industry’s waste, and masquerade themselves by carrying containers, goods and grain across the...

https://mfame.guru/panama-missing-15-billion-year-amid-registered-shipping-emissions/

Abandoned Ships Rattle ‘Flags of Convenience’ Loophole Danger

In the murky world of international commerce, who is responsible for the crew and cleanup of an abandoned ship? Realistically, perhaps nobody, and that’s a problem, writes Dawn Allen in his article on the Mauritius abandoned ship disaster crisis which is published in the Legal Reader.

The Flags of Convenience That Makes It Difficult

In the same way that the excessively wealthy choose the countries with the friendliest tax policies as offshore havens for their hoarded riches, so too do...

https://mfame.guru/abandoned-ships-rattle-flags-of-convenience-loophole-danger/

Shipping laws that could have averted two catastrophes

The dark side of the shipping industry – well, one of them – has come to the fore following the tragic explosion in Beirut and the ship which ran aground in Mauritius, leaking heavy oil and toxic fuel onto a coral reef. An article in Forbes says it’s time to review shipping regulations, in particular vessel registration.
The ship is Japanese-owned but Panama-flagged, and Japan has not offered to help with …

The post Shipping laws that could have averted two catastrophes appeared first on The...

https://theloadstar.com/shipping-laws-that-could-have-averted-two-catastrophes/

+ More