ABSTRACT

Politicswillbecomemoreintegratedwiththeshipowner'sstrategy ofevaluationandexecutioninthenextdecade.Itwillbedrivenby fiscalandmarketingconsiderations.Topicsaffectedincludeflaggingout,flagsofconvenience,openregistries,flagdiscrimination andfiscalmeasures.Suchaspectsareinterrelatedandtheshipping economist/strategistmustfocusstronglyontheseareastoproduce thecompany'sbusinessplanandthefinancialyield/riskinherentin suchstrategies.Afeatureofsignificanceisthatmoreandmore nations/governmentsaresettingupopenregistriestoretainand developexistingtonnagewhileattractingnewtonnage.Accordingly,priortoexaminingsomeofthepoliticalaspects,inthis chapter,itisappropriatetoexaminebrieflytheglobalpolitical scene.