Maersk Line Focuses on Singapore
Maersk Line intends to register most of its newbuildings in Singapore which has become the company's second-most chosen flag following its home registry of Denmark.
Thomas Knudsen, President of the firm's Asia-Pacific region, says the city-state features access to "pretty much all the different aspects of shipping."
"The last five years we have really cleaned up to concentrate on fewer flags to get the economy of scale. You can definitely get lower cost if you go to Panama or Liberia, but we feel that Singapore is a good combination of cost and quality."
The Maritime Port Authority of Singapore says it offers "tax exemptions and more flexibility in hiring crew members of any nationality to attract more shipping lines to register their ships."
We remind readers that Panama and Liberia both have expressed to us their own commitments to standards.
