6 ms·
Fun facts: 1. The owner is Japanese 2. The operator is Taiwanese 3. The flag is Panamanian 4. The cargo is Chinese 5. The insurer is British 6. The crew i
by throwawaybutwhy 6y ago
Fun facts:
1. The owner is Japanese
2. The operator is Taiwanese
3. The flag is Panamanian
4. The cargo is Chinese
5. The insurer is British
6. The crew is Indian
7. The canal is Egyptian and was built with forced labor by the French
8. The dredgers/salvage op managers are Dutch
- movedx 6y agoGo, go gadget globalisation! Seriously though that's pretty amazing. Fun fact: corporations used to exist for a limit period of time, to solve a particular problem, and were then dissolved. With the introduction of indefinite corporations, we end up with cool setups like those /u/throwawaybutwhy has highlighted.
- Mockapapella 6y agoWhen and where did they exist for a limited period of time? It never even occurred to me that this was an option
- estaseuropano 6y agoRailways.
- brian_cloutier 6y agoThe first European joint-stock corporations were for single voyages. Everyone would band together and fund a ship to go somewhere, then split the earnings and dissolve the corporation: https://en.wikipedia.org/wiki/Joint-stock_company#Early_joint-stock_companies https://en.wikipedia.org/wiki/Joint-stock_company#Early_join...
- sneak 6y agoIt's pretty much still like that now, except the last step is "go work for Google for a few years in golden handcuffs".
- zinekeller 6y agoApparently, in the Philippines until it was revised in 2019 companies are required to have a limited lifespan with a maximum lifespan of 50 years. (https://www.pwc.com/ph/en/taxwise-or-otherwise/2020/on-the-lifespan-of-corporations-terms-and-conditions.html https://www.pwc.com/ph/en/taxwise-or-otherwise/2020/on-the-l...)
- nullsense 6y ago9. Everybody is fucked
- sn_master 6y ago9. The destination is the Netherlands (Rotterdam). While we're at it, the 1956 Suez canal crisis marked the end of the traditional colonial powers when the USSR threatened to nuke London and Paris if they don't let Egypt regain control of the canal. https://nationalinterest.org/blog/reboot/yes-1956-suez-crisis-almost-caused-nuclear-war-166532 https://nationalinterest.org/blog/reboot/yes-1956-suez-crisi...
- turing_complete 6y agoSmall correction. Egypt do not regain the canal, they seized the canal. Not egypt, but the Suez Canal company was was not the legitimate owner of the canal. Interestingly, it was the disapproval of the US under Eisenhower that stopped the military action of Britain and France that ended their intervention. https://en.m.wikipedia.org/wiki/Suez_Canal_Company https://en.m.wikipedia.org/wiki/Suez_Canal_Company
- tim333 6y agoBritain didn't really distinguish itself overthrowing the democratic government in Iran to protect BPs profits in 1953. I guess Eisenhower thought enough of this stuff.
- sn_master 6y agowell, they gained control by seizing the canal then lost it due to the invasion, hence why I said 'regain'. Both the Soviet and US pressure resulted in the stop of the invasion, but certainly the USSR had an important role, if anything to distract the media from its invasion of Hungary.
- yccs27 6y ago10. The technical manager is German (BS Shipmanagement)
- toyota86 6y ago> The flag is Panamanian That's an interesting way to say tax evasion.
- sn_master 6y agoAnd avoiding minimum wage and maintenance requirements too.
- kortilla 6y agoThat’s not tax evasion. Tax evasion is explicitly illegal and if you do it you get arrested/fined an outsized amount. The term you’re looking for is “tax avoidance”.
- Lionga 6y agoThat's an interesting way to say we should obliged to all the shitfuckery the goverments do and not look for better countries for what we want to do. Competition between goverments to end their shitfuckery would be so horrible.
- engineer_22 6y agoAt least in the northeast, it's common in the US OTR trucking industry to register the trailers in Maine. Registration fees in Maine are significantly less than in neighboring states. You'll also see a lot of recreational trailers (boats, RVs) registered in Maine.
- TechBro8615 6y agoTry telling Panama they don't have a right to create their own tax laws. If they want to incentivize ships to register in their country, they're a sovereign nation and can do that.
- markus_zhang 6y agoPretty much summed up the current world order...