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
US wine exports to China increase by 14%
U.S.A wine exports to China increased by 14 percent in value for the first half of 2018, compared with that period last year. Exports to that large Far East market were $38.4 million from January to June, according to the ...Read More
UK exports grew in 2017
ONS figures published in July show that UK exports continued to grow against news of 'uncertainty' caused by Brexit. Overall exports of goods rose by 13%, while services rose by 7%. The USA remained the top export market for the ...Read More
Cherry exports dip in July
U.S.A fresh cherry exports dropped 17% in July, feeling the effects of retaliatory tariffs from China. Total U.S. exports of fresh cherries totaled 44,953 metric tons in July, down from 53,987 metric tons for the same month last year. Cherry ...Read More
Lobster exports to China drop
America’s live lobster exports to China hit a two-year low in July. This was the first month when a new import tariff on Maine’s most significant export took effect. The United States shipped $4.2 million worth of live lobsters to ...Read More
