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 March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Largest All-Electric Pipe Bender Starts Operations at Newport News Shipbuilding

Unison has commissioned what is believed to be the largest all-electric tube bending machine ever produced. The machine has started operations at Newport News Shipbuilding,

Hess Selects BMT for Stampede Marine Monitoring System

BMT Scientific Marine Services (BMT), an international maritime design, engineering and risk management consultancy, has been selected by Hess Corporation to

ABS CEO Lays Out Vision for Technical Leadership at CMA Shipping

During the recent CMA Shipping 2015 conference in Stamford, Connecticut, ABS Chairman and CEO Christopher J. Wiernicki provided the conference's keynote address

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar Winch
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: 0.1734 sec (6 req/sec)