UK SHIPPING REGISTER BECOMES INTERNATIONAL

In the latest edition of Private Eye it is reported that more than a third of tonnage has been lost from the UK register in the past year, with French-based giant, CMA CGM having reflagged 40 vessels (3 to France, others to Malta) February-April 2019.  Such a change was predicted following the Brexit referendum result.  However, in May it was announced that the rules for who could register was changing.  Previously, it was limited to UK owners and those from other EU countries.  Now those from Commonwealth countries, plus 20 others – including China, US, Liberia and Panama – are eligible, as the register becomes an “international” (or at least semi-open) register.

For more information, see –

https://www.ukshipregister.co.uk/news/world-class-shipowners-from-across-the-globe-now-eligible-to-join-uk-flag/

 

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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