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FMC opens fact-finding on "flags of convenience" as members raise concerns about foreign-controlled carriers
Summary
The Federal Maritime Commission has opened a fact-finding inquiry into foreign vessel flagging practices, commonly called "flags of convenience," to determine whether open registries and foreign-controlled carriers disadvantage U.S.-flag shipping.
The Federal Maritime Commission has opened a fact-finding inquiry into foreign vessel flagging practices — often called "flags of convenience" — to determine whether some open registries undermine U.S. commercial shipping and national security interests.
"Panama, Marshall Islands, Liberia. And they accept registrations from owners of vessels who are outside their residence," Commissioner Rebecca Dye said during a House subcommittee hearing explaining why the FMC launched the inquiry. She described the United States as a closed registry and said the commission is examining whether open registries provide lower oversight or costs that…
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