A ship is said to be ‘flying a flag of convenience’ when the flag on the stern of the ship, representing the country of the Port of Registration, is not the home country of the company which owns the ship. This practice is also known as an ‘open register’, and enables ship owners to choose a ship registration regime which may have less prescreptive maritime regulations and lower taxes.
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Latest Freight News Freight News Archive
Russia trying to subsidise cost of parts imports
Russia’s Ministry of Trade wants overseas manufacturing companies to continue to comply with the industrial assembly agreements drawn up under Regulation 166. This regulation, which was amended in 2010, allowed overseas car manufacturers to import parts at preferential rates of ...Read More
EU exports from Spain fall
The value of Spanish fruit and vegetables exports to the EU fell 4 per cent in value terms during the opening four months of the year, while exports to third countries grew by 5 per cent. Total Spanish exports in ...Read More
Imports for Kenyan state double
The value of imports by State departments and parastatals more than doubled in the first four months of the year. Import orders placed by the government reached Sh22.33 billion in the January-April period. This is the largest four-month import order ...Read More
Tags: imports
Imports of European Cars into Korea increase
Imports of German cars into Korea showed a significant increase, in the first half of 2018, and improved European carmakers' market share. Smaller numbers of Japanese and American cars were imported. According to the Korea Automobile Importers and Distributors Association, ...Read More
Tags: imports
