The Reflag Merry-Go-Round

I would suggest it is less about setting the standard than about effectively ensuring the standards are met. Since most everyone follows IMO which most everyone agrees is largely sufficient, the real question is who is looking, how often are they looking, and how hard are they looking.

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I agree but I meant ā€œsetting standardsā€ in even a broader sense than that.

For example if the chartererā€™s standards for the appearance of the ship are set high but the owner refuses to supply the resources required to meet that standard than the latter fact is going to be the one that actually controls the condition of the ship.

Iā€™d hesitate to believe any audit of a ship that was reflagged since MSP vessels and their management are subject to third party fiscal audits.

It allows money to be more fungible if you shift the burden of repairs to be places after its flagged into a subsidized program.

Might be different definitions of merry go round. The only ship I remember being flagged in, then out, then back again was the Bro Hawaii. Maybe there are others though.

You mean this one?:

I donā€™t see her being reflagged US more than once:

Now New Stella, operating in Indonesia under Indonesian flag:

I dont really see many ships going in US fleet then out and then the same ship back in again however I do see the following happening:

Its usually a ship is flagged in, then five years later flagged out and another ship gets flagged in.

I suspect as a repair bill starts showing signs of going up it is leased to an MSP fleet before the repair needs are realized on paper.

Then after the maintenance and repair bill peaks and starts to reduce the ship is flagged out and replaced.

I donā€™t care where they come from, Iā€™m sick of getting a 15 year old decrepit ship as ā€œnewā€ that was seemingly never maintained a day in its life.

15 year old vessel in the US Fleet, thats NEW!

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