A flag of convenience is the flag of a vessel for which the actual property and control are located in a country other than that of the flag under which it is registered. For the owners of these vessels, the benefits are numerous, including in the field of taxation, of security or labor law.
It is a phenomenon related to globalization. In 2015, they represented 71% of the total tonnage of the merchant navy.  The world fleet operated under 152 pavilions. Three of these pavilions, Panama, Liberia and Marshall Islands accounted for 42.8% of … Lire la suite
Can governments contribute to the development of the shipbuilding industry without resorting to public procurement? In a North American context, can we gain market share on Asia, the dominant player in this field?
A report released by researchers at the National Defense University (Eisenhower school) in the spring of 2015 partially addresses these issues.  It concludes that they are competitiveness problems in the U.S. industry against Asia. China, Japan and South Korea now occupy more than 80% of the market share of shipbuilding on the commercial segment contracts.
Analysis of the strengths, weaknesses, opportunities and … Lire la suite