Gorrissen: Shipowners looking toward quality flags

Requirements and regulations aimed at the global shipping industry make a growing number of shipowners look toward quality registers, says Peter Appel, attorney and Managing Partner at Gorrissen Federspiel.

The increasing regulations aimed at international shipping and, in some cases, requirements from customers and charterers, make a growing number of carriers look toward quality registers and flags with stable framework conditions when acquiring and reflagging ships, says Peter Appel, attorney and Managing Partner at Gorrissen Federspiel.

Another significant explanation for this development, described by Peter Appel as a clear trend, is that European ship registers are gradually becoming increasingly competitive in comparison to more exotic flags. And the European registers are starting to become really aware of the need to sell themselves and market their competitiveness to the carriers.

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