4 ms·
Panama and Liberia together account for 1/3 [1] of global shipping (by gross tonnage). Together they have a blue water navy of 0 ships [2]. Even if these 2 co
by pintxo 7y ago
Panama and Liberia together account for 1/3 [1] of global shipping (by gross tonnage).
Together they have a blue water navy of 0 ships [2].
Even if these 2 countries would like to add relevant laws, they will not be able to enforce them.
[1] https://en.wikipedia.org/wiki/List_of_merchant_navy_capacity_by_country https://en.wikipedia.org/wiki/List_of_merchant_navy_capacity...
[2] https://en.wikipedia.org/wiki/List_of_countries_by_level_of_military_equipment https://en.wikipedia.org/wiki/List_of_countries_by_level_of_...
- bluGill 7y agoPanama at least has close ties to the US. If they want to enforce laws they can call the US and get a large fleet to help. Panama also has the canal which is important to global shipping: if they want to they can refuse ships passage if they don't comply with whatever rules they want. Of course the IF above is big. I don't know how to get Panama to care.
- tialaramex 7y agoThe Paris MOU and Port State Inspection changed the status quo here forever. If an Open Registry (the technical name for a "Flag of Convenience") doesn't enforce rules the Port States (mostly economically important countries with a coastline) care about that flag essentially labels you as likely non-compliant - and whether you are or not it's a world of pain because those Port States care. So most of the famous Flags of Convenience cleaned their acts up. It just made too much financial sense. You can try mumbling about how Port State Control isn't fair, but the people who think it is have guns and money and you don't. In this case (and many previously) this works in our favour.
- safasfasf 7y agoMight makes Right, that's obvious. No mumbling about it. Now if State Powerful wants to pean itself about how good and fair they are, I'll laugh at their faces. Again, no mumbling.