Liberia

Source: UNCTAD - Of the top 35 flags, Panama continues as #1 followed by Marshall Islands at #2 and Liberia at #3. However Panama actually lost 0.57% 2018-2019. Germany lost the most tonnage year on year losing 16.74%.

The key words "economic substance" have been in circulation ever since the EU published their blacklist of in tax matters non-compliant jurisdictions. In response, many low corporation tax countries introduced a new Act, which requires non-resident entities to show substantial economic presence and activity in their jurisdictions.

10/9/2018 Source: UNCTAD Headline for those of us following ship registration closely Marshall Islands has passed Liberia for the #2 position in terms of deadweight. They are #10 and #11 respectively in terms of number of vessels

The Liberian Registry has underlined its commitment to protecting the welfare of seafarers on the occasion of the International Maritime Organization’s Day of the Seafarer, which this year takes ‘seafarer wellbeing’, and mental health in particular, as its theme.

19 January 2018 - Liberia President Ellen Johnson-Sirleaf officially opened the Liberia Maritime Training Institute (LMTI) at an inauguration ceremony in Marshall City, Liberia, on 5 January.

The state-of-the-art facility is named after John G Bestman, former Liberian finance minister and a member of the board of governors of the Central Bank of Liberia.