When registering a vessel for conducting international travels, a company must select a country under the flag of which that vessel will sail. However, many companies that are based in one country, choose to register a ship on another country’s flag. This video explains why.
Flag of Convenience
Inspections by ITF inspectors in Western Port and Port Kembla of the Panamanian-flagged bulk carrier ‘Ken Ei’, in January, led to $38,384 in coastal wages being paid immediately in cash to the 20 Filipino seafarers crewing the ship, ITF informed.
Tanzania’s President John Magufuli, stated last week that he will suspend the registration of foreign ships in Tanzania, after incidents in which ships carrying the flag of Tanzania were caught with drugs. Furthermore, Mr. Magufuli ordered all of the ships under the Tanzanian flag to be investigated.
The Rural and Regional Affairs and Transport References Committee of the Australian Senate issued a report concerning the increasing use of Flag of Convenience in Australia, revealing that, in 2016, 5.719 foreign‑flagged vessels arrived in Australian ports.
The Australian Senate inquiry finds flag of convenience shipping poses risks to national security. FOC shipping refers to international trading vessels registered in tax havens such as Liberia, Panama and the Marshall Islands and are renowned for their lax labour laws, poor investment controls and lack of ownership oversight.
The International Transport Workers’ Federation (ITF) has welcomed the Australian Senate’s decision to launch an inquiry into flag of convenience shipping.
Seafarers and dock workers unions in designated ports launched an industrial campaign against FOC shipping
The Canadian Maritime and Supply Chain Coalition held a press conference explaining their significant worries concerning the CETA
The Government has taken a policy decision to allow shipping enterprises based in India to acquire ships abroad and also flag them in the country of their convenience
Another Flag of Convenience Bulk Carrier accident,not long after MOL Comfort sinking
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