BRITISH SHIPS TRADE UNDER PANAMANIAN FLAG
(Special Con-espondenl.)
Received Alonuay, i p.m. LONDON, May 12. There is coneern iti British slilpplfig eiirles by the large number of ships, several owned by British firms, now trading under the Panamanian flag and on the I'anamanian registry. Ne&rJy 500 ships totalling over 2,000,000 tons, are now registered in Panama, whicli is a threefold inerease sinee 19110. Home American companies began a system of transferring ships to Panamanian registrv inaiiy vears ago in ofder to take advantage of lower operating costs. Kew British owners foliowed suit until recently but it is now Galmed that several British companies ari* operating ships under the Panamanian hag. The annual report of the Meroantile Marino Association, in drawing atten tion to this developniefit, eniphasise« that British seamen nuist be given the opportunity to serve 011 these British ou ned ships.
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Chronicle (Levin), 13 May 1947, Page 5
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142BRITISH SHIPS TRADE UNDER PANAMANIAN FLAG Chronicle (Levin), 13 May 1947, Page 5
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