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
Pakistan fruit exports grow
The export of Pakistani fruits increased by 4.34 percent during the first 11 months of the financial year, compared with exports for the corresponding period of last year. Fruit exports from the country were recorded as $ 393.945 million during ...Read More
Tags: exports
European markets import/export more seafood products
The E.U. is the largest consumer of fishery and aquaculture products in the world. Demand far exceeds supply, so the bloc is increasingly sourcing products from around the world in order to meet market requirements. In 2018, E.U. imports from ...Read More
Jordan’s exports to EU drop
Exports from Jordan to the European Union witnessed dropped by 2.6 per cent during the first third of the year, in comparison with the same period in 2018. However, Jordan’s exports to North American Free Trade Agreement (NAFTA) countries have ...Read More
China imports beef from Panama for the first time
Shanghai customs officials have said that the first batch of beef imports from Panama has entered China. The imported beef, weighing 23 tonnes, is one of the products imported due to new bilateral trade agreements between the two countries. The ...Read More
