
Flags of Convenience: The largest shipping registries are Panama, Liberia, Greece, Marshall Islands and the Bahamas, Approximately 6,300 sail under the Panamanian flag, making Panama the largest. The Greek-controlled fleet is at almost 90 million gross tons. The Marshall Islands is fourth with 1, 500 vessels and 37 million tons. Bahamas has 1,500 vessels at 27 million tons. Other significant flags include Cyprus and Malta
8.1.12
Rena: Costamare boxship away off Astrolabe Reef
An investigation into the grounding and breaking up of the Rena, a Liberian-flagged ship owned by the Greek shipping firm Costamare, is ongoing. The ship's captain and navigation officer, both Philippine nationals, will next month face criminal charges relating to operating a vessel in a dangerous manner and allowing the release of toxic materials.
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