I recall reading that shipping lines frequently flag their
vessels in a foreign country in order to avoid having to comply
with stringent operational, pollution, labour and tax
regulations.
Evergreen currently flags their vessels in Hong Kong (e small
1,000+ TEU ones), Taiwan (it's home), Panama, UK & Italy
But I forsee Panama might be replaced by Singapore.. It's move
to Singapore is over tax
But I really wonder, cos he met MM Lee & PSA officals this
week in Singapore