Cutting costs with a flag of convenience According to ... better working conditions stipulated by US law. After Panama came Honduras and Liberia. According to a University of Bremen blog, the ...

They have flags of Liberia or Panama. None of them pays taxes. Every supertanker — none of them pays taxes. This is going to end under Donald Trump. Those taxes are going to be paid.” ...

Rival Liberia has overhauled the Central American nation in terms of gross tonnage in new data issued by Clarksons Research. The Liberian flag now has a 2.2m gt lead over Panama at the top of the ...

as well as numerous ships flying the flags of nations other than Liberia, can trace their ownership back to a Liberian-registered front company. The Liberian registry was created in 1948 ...