Why Ships are Registered Under Foreign Countries

[IwannaGo Now]

There is one reason...

 

M O N E Y !

 

Whether taxes, wages, regulations, legal liability, etc.....all comes down to

M O N E Y !!!!;)

[captswanson]

Doc is right. I work on a vessel that was built in Canada and is flagged in Vanuatu. Right now, we are working in Mexico. Getting a foreign built ship flagged in the US is very difficult and expensive. The ships are still inspected by ABS, Lloyds Register, like mine or another organisitions like these that keep shipping safe.

[5waldos]

It also has to do with the safety upkeep of the ships. For example the gulf rig was registered in the Marianna's Islands and their requirements fall far short of US requirements.

 

So all in all, it is a real boon NOT to have a ship registered in the US.

 

I take it back- or some of it. It was the Marshall Islands, and it was just a rig, not a ship. The previous article I had read suggested that the rig was was registered as a ship. But in the case of a rig it does determine safety inspections.