Piracy and Maritime Registration by mattsteinglass
April 13, 2009, 11:01 am
Filed under: Uncategorized

One wonders whether the fact that the Maersk Alabama and its American captain were rescued by the US Navy will lead to more registration of merchant vessels under the US flag and more job opportunities for American crew. The fact that so many ships are registered in Panama, Liberia and the other “flag of convenience” countries (my favorite: Mongolia!) to escape fees and duties in developed countries seems like a bit of an artifact of the go-go years of globalization, like tolerance for the existence of tax-haven countries. Back during the Iran-Iraq War the US reflagged Kuwaiti oil tankers under US flags to deter attacks, and one could image some demand for a similar implicit guarantee off Somalia now.


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