flagging out

They threatened back in June and are know acting. From our colleagues at Seatrade-Global

The German flag is to lose its largest ship manager by the end of June 2017 as Reederei NSB's flags-out its fleet of 38 containerships by the deadline, with the layoff of 486 onboard personnel.

Malta has experienced over a 13 percent incease in registered tonnage in the past year resulting from targeted marketing outside of the Mediterranean Region.

Fairplay reports:

The United Kingdom has expressed interest in attracting Greek owners to its fleet.

An article featured on Lloyd's List reports:

A recent study from the Greek Shipping Co-operation Committee indicates that while the national flag remains the most popular choice for domestic shipowners, there have been some reflagging to registries as Malta, the Marshall Islands and Panama over the past