re: Houthis hit cargo ship killing two. Ship might sink

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Yea, well aware.

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Then why did you post this, which I was replying to? Not trying to be too antagonistic, but it seemed you thought the flag indicated ownership.

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A Barbados flagged Libian owned US ship?

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Maybe I am reading that wrong, but it seems you think the flag indicates ownership.

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I've long had an issue with the flag of convenience thing. Fly a US flag, pay US taxes, get the full services of the USN. I just wish our tax and regulatory arrangements weren't so unfriendly to that.

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For an “average” container ship, it saves the owner of the ship about $3 million a year per ship to have it registered in Liberia, Mongolia, Marshall Islands, etc. versus the United States. A super tanker will be so much more.

And when bad shite goes down it is 5,000 miles from the U.S. and the U.S. Navy ain’t doing shite unless they have the opportunity to make “Capt. Phillips Part 2”. There is no way a sane person running a shipping company would give a few million extra dollars a year per ship to a country, the United States, that is actively trying to put them out of business.