Yesterday, 06:26 PM
Because it's cheaper.
Years ago, before they blew themselves apart, Liberia was the shipping "flag" capital of the world. More ships were registered in Monrovia as their home port, than any other place, because it was a tax and regulatory haven.
Today, the UN controls all shipping, and they have removed most of the benefits of a "flag of convenience"
But it is still a common practice used by ship owners and shipping companies to try and eke out some savings.
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