Phnom Penh looks at its flag in wake of EU ban

Bangkok: The government in Cambodia is looking at reviewing its shipping flag operations in the wake of the EU banning this week all seafood imports from the Southeast Asian nation on account of rampant illegal fishing from Cambodian-flagged vessels. What has transpired in the wake of the ban is the government’s total lack of knowledge of ships flying its flag. In 2003, Cambodia sold its shipping flag to a company in Busan, South Korea called International Ship Registry of Cambodia (ISROC). ISROC has since paid around $6m to Cambodia to run the flag. The deal and the state’s involvement in ship registration are now being investigated as Phnom Penh looks to overturn the EU ban as fast as possible.  [29/11/13]

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