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Choosing a vessel’s flag: Which ships are registered where, and why?

Choosing a vessel’s flag: Which ships are registered where, and why?. Jan Hoffmann Note: the opinions do not necessarily coincide with those of the Propeller Club or UNCTAD. “Flagging out” The specialization of registries Possible reasons . “Flagging out”

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Choosing a vessel’s flag: Which ships are registered where, and why?

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  1. Choosing a vessel’s flag: Which ships are registered where, and why? Jan Hoffmann Note: the opinions do not necessarily coincide with those of the Propeller Club or UNCTAD

  2. “Flagging out” • The specialization of registries • Possible reasons

  3. “Flagging out” • The specialization of registries • Possible reasons

  4. 1783

  5. Source: UNCTAD Review of Maritime Transport, various issues, based on data provided by IHS Fairplay

  6. Example “Hoffmann Shipping”: • Owner: German • Freight agent: Netherlands • Seafarers: Poland • Crewing agent: Cyprus • Cargo: Turkey • to Canada • Fuel: Spain • Insurance: United Kingdom • Shipyard: Portugal • Flag: Antigua and Barbuda • Captain’s favourite drink: Irish

  7. “Flagging out” • The specialization of registries • Possible reasons

  8. 1000 dwt Source: UNCTAD Review of Maritime Transport, 2011, based on data provided by IHS Fairplay

  9. 1000 dwt Source: UNCTAD Review of Maritime Transport, 2011, based on data provided by IHS Fairplay

  10. 1000 dwt Source: UNCTAD Review of Maritime Transport, 2011, based on data provided by IHS Fairplay

  11. Source: UNCTAD Review of Maritime Transport, 2011, based on data provided by IHS Fairplay

  12. Source: UNCTAD Review of Maritime Transport, 2011, based on data provided by IHS Fairplay

  13. Source: UNCTAD Review of Maritime Transport, 2011, based on data provided by IHS Fairplay

  14. “Flagging out” • The specialization of registries • Possible reasons

  15. Cost: Age • Cost: Size • Cost: Vessel type • Personal knowledge? • Safety standards? • Language? • Trading area? • Ownership structure? • Financing? • Tax agreements? • Traded commodities?

  16. “Flagging out” • The specialization of registries • Possible reasons

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