EuropeOperations

Call to part-privatise the UK flag

A report by KPMG, commissioned by the UK’s Department for Transport, suggests the nation’s ship register should part-privatise.

The UK flag has declined by 18% in the past five years and has a global market share of just 0.8% today.

The Department of Transport is now reviewing the report.

Last year the flag, which is administered by the Maritime and Coastguard Agency (MCA), went through considerable restructuring with a new high-level director role created to work at the MCA to encourage shipowners to join the register.

Similar calls to part-privatise other flags around the world have been made in recent months. Hong Kong-based shipowners, for instance, have repeatedly urged the local government to hive off the territory’s register, the world’s fourth largest, from the local Marine Department.

Tags

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button
Close
Close