Flag of Convenience Embraces UAE's Decision To Crack Down on Corruption

Wednesday, May 30, 2001
A leading maritime Flag of Convenience (FOC) has welcomed the United Arab Emirates' (UAE) decision to clamp down on the industry and has called for more regular sanctions against widespread corruption and underperformance.

Clay Maitland, managing partner of International Registries Inc (IRI), which manages the Marshall Islands FOC and managed the Liberian FOC until last year, said some FOC's habitually ignored their responsibilities for safety and were riddled with corruption.

"Is there some way (FOC) registries can be called to book?" asked Maitland. "There should be sanctions against them. It's time for a convention with teeth."

Ship operators pay many millions of dollars each year to fly FOC flags such as those of Liberia and Panama over their ships, and in return enjoy a favorable commercial and regulatory environment for shipping.

Last week a UAE minister said the cabinet had decided to ban from its territorial waters vessels registered in Albania, Belize, Bolivia, Cambodia, Comoros, Georgia, Honduras, the Maldives, Mauritius and Saint Vincent.

The decision followed one of the worst oil spills to affect the country's coastline in years after a sanctions-busting Iraqi tanker sank in April. The Georgian-registered Zainab was carrying 1,300 tons of fuel oil.

Maitland pointed to a recent scandal of fraudulent certification at the Panamanian Maritime Authority. Nearly all members of one certification division were suspended in March during a government fraud swoop.

Last month the International Tanker Owners Federation, Intertanko, also criticized the Panamanian FOC for dragging its heels on investigating accidents at sea. Such investigations are as vital to maritime safety as the black-box searches after airline disasters. --(Reuters)

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

BMT WBM to Showcase TUFLOW at World Bank Seminar

BMT WBM ( (BMT), a subsidiary of BMT Group Ltd, a leading international engineering and risk management consultancy, is delighted to announce that it will be presenting

Senator Kaine Tours NNS Apprentice School

Huntington Ingalls Industries (HII) apprises that it has hosted Sen. Tim Kaine, D-Va., for a tour of The Apprentice School at the company's Newport News Shipbuilding division.

Rosneft Restores Meteorological Observations System in Kara Sea

As part of a large-scale summer Arctic research expedition "Kara-Summer - 2014" a meteorological station was installed that meets the latest modern requirements for such equipment,

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1607 sec (6 req/sec)