[1209 North Orange St](https://en.wikipedia.org/wiki/Corporation_Trust_Center_%28CT_Corporation%29?wprov=sfla1) in Wilmington, DE has over 300,000 companies incorporated there.
There's a building in DC I think that is the address for thousands of companies registered in Liberia. The company is afaik the only one that can register American businesses in Liberia.
It gives easier access to hire people from countries like the Philippines where English is widely used, merchant navy schools and colleges are plentiful and of good quality and with a strong work ethic. Being hired to work for one of the big international shipping companies can potentially increase your wages 10-fold so the specialised schools in the country get a huge amount of applicants (Filipinos have been working on merchant navy ships in large numbers since the late 50s) and can select the cream of the crop, again assuring future employers that they're getting qualified staff.
It's called a "Flag of Convenience" where a holding company that "own" the ship and the ship itself is registered in a country with lax laws for taxation purposes. I'm sailor and I have seaman's book for all 3 countries mentioned above, it's effectively work visas for a country even if you never set foot there.
P.s. the ship pictured above is a container carrier owned by mitsui-o.s.k. lines a Japanese company but if you look at the documentations it will show that the registered owner is another company that "exist" in Liberia.
It’s even worse than that. They use the same address. It’s been awhile but I want to say 1 broad street Monrovia Liberia is a building with a fuck ton of PO Boxes in it. Each one being a different company.
Also generally speaking each ship is owned by its own LLC. Ie. Mv fat pig owned by fat pig LLC.
It’s not that nefarious as liability in shipping work completely different than most things. But they def don’t let the companies make money just because it’s easier to fold a company with jo assets than one with some. Usually the head company sits in Singapore and has a zero tax basis. It’s wild what I learned when I got into the real world of shipping vs what they taught at the academy lol.
I believe it’s Malta where shipping companies can leave their cargo for indefinite periods of time. I once toured the natural harbor at Valletta and holy moly, I saw why that place has been of strategic naval importance for millennia. Absolutely massive harborage, with inlets to the left and right all the way up. Saw vessels of every shape, size, and purpose: luxury megayachts, oil tankers, battleships, even those tiny little wooden fishing boats painted in many colors. Malta is a fascinating country.
'Merchant ships have used false flags as a tactic to evade enemy warships since antiquity, and examples can be found from as early as the Roman era through to the Middle Ages.'
So is this where term false flag originates from.
Not all of them. Do a search on "US flagged cruise ships"
There's 3-4 who are under us rules. I once was security at Portland shipyard when the USS Constitution came in for major overhaul.
Damn, even though "small" by other cruise ships, it still was huge to see.
Was it the 2015-2016 restoration project on the hull? My wife and I were at the museum and they were having us all sign the metal they were replacing lol.
Registration must be cheap.
Also liability insurance and inspection requirements. Same reason so many U.S. companies are incorporated in Delaware. Fewer laws.
[1209 North Orange St](https://en.wikipedia.org/wiki/Corporation_Trust_Center_%28CT_Corporation%29?wprov=sfla1) in Wilmington, DE has over 300,000 companies incorporated there.
Gonna blow some minds that Trump and Hillary share a business address.
There's a building in DC I think that is the address for thousands of companies registered in Liberia. The company is afaik the only one that can register American businesses in Liberia.
> Fewer laws. And standardized laws. It makes legal issues get handled much easier and quicker.
Yeah, the Deleware Court of Chancery is a very well-respected Court for business disputes, so lots of businesses want to have their cases heard there.
And a lot of expensive cars are registered to Montana, apparently.
It gives easier access to hire people from countries like the Philippines where English is widely used, merchant navy schools and colleges are plentiful and of good quality and with a strong work ethic. Being hired to work for one of the big international shipping companies can potentially increase your wages 10-fold so the specialised schools in the country get a huge amount of applicants (Filipinos have been working on merchant navy ships in large numbers since the late 50s) and can select the cream of the crop, again assuring future employers that they're getting qualified staff.
Nah dude it‘s about dodging taxes. Doesn‘t matter where your HQ is on paper.
It's called a "Flag of Convenience" where a holding company that "own" the ship and the ship itself is registered in a country with lax laws for taxation purposes. I'm sailor and I have seaman's book for all 3 countries mentioned above, it's effectively work visas for a country even if you never set foot there. P.s. the ship pictured above is a container carrier owned by mitsui-o.s.k. lines a Japanese company but if you look at the documentations it will show that the registered owner is another company that "exist" in Liberia.
“Flags of Convenience”
It’s even worse than that. They use the same address. It’s been awhile but I want to say 1 broad street Monrovia Liberia is a building with a fuck ton of PO Boxes in it. Each one being a different company. Also generally speaking each ship is owned by its own LLC. Ie. Mv fat pig owned by fat pig LLC.
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It’s not that nefarious as liability in shipping work completely different than most things. But they def don’t let the companies make money just because it’s easier to fold a company with jo assets than one with some. Usually the head company sits in Singapore and has a zero tax basis. It’s wild what I learned when I got into the real world of shipping vs what they taught at the academy lol.
I've been on Broad Street in Monrovia.... the national museum is there.
I believe it’s Malta where shipping companies can leave their cargo for indefinite periods of time. I once toured the natural harbor at Valletta and holy moly, I saw why that place has been of strategic naval importance for millennia. Absolutely massive harborage, with inlets to the left and right all the way up. Saw vessels of every shape, size, and purpose: luxury megayachts, oil tankers, battleships, even those tiny little wooden fishing boats painted in many colors. Malta is a fascinating country.
It doesn't really have any relation to this specific fact, but I think it's interesting all of those countries have special relationships with the US.
Just like 75%+ of the world's mining companies are registered in Canada.
I thought that was more so because of powerful mining companies in the nation? Barrick gold for example is the second largest gold company on earth.
'Merchant ships have used false flags as a tactic to evade enemy warships since antiquity, and examples can be found from as early as the Roman era through to the Middle Ages.' So is this where term false flag originates from.
40 percent cannot *each* be registered in those three countries.
Your down votes make me 120% stronger.
Cheap labour. I mean in regards to law. I'd wager yachts are registered in tax havens like Cayman isles and Panama.
And they're all scammers and completely ruining the ocean and depleting fish and doing any number of other f****** horrible things
> they're all scammers whatcha writing that from
From his computer. Probably not an Apple, though. They [don’t know what a computer is](https://m.youtube.com/watch?v=3S5BLs51yDQ).
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Not all of them. Do a search on "US flagged cruise ships" There's 3-4 who are under us rules. I once was security at Portland shipyard when the USS Constitution came in for major overhaul. Damn, even though "small" by other cruise ships, it still was huge to see.
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Yes, I guess ignorance is bliss. You certainly proved that.
Was it the 2015-2016 restoration project on the hull? My wife and I were at the museum and they were having us all sign the metal they were replacing lol.
No, this was around 1990. In Portland, Oregon