Why Are Most Cruise Ships Registered In The Bahamas

Most merchant ships flying Panamas flag belong to foreign owners wishing to avoid the stricter marine regulations imposed by their own countries.

Why are most cruise ships registered in the bahamas. Where is Crystal Cruises based and. Its expedition ships are registered in Ecuador. Most of its vessels are registered in Malta but a couple are flagged to the Bahamas.

Book a bahamas cruise with cruise direct. The entire point of flagging your ship in the Bahamas Malta or Liberia is that these nations are very hands off when it comes to taxes and regulations. Some of the main advantages of registering a vessel under the Bahamian flag are set out below-.

Taxes labor laws and safety regulations. Tax code which permits shipping companies to evade taxes by incorporating overseas and flying the flags of foreign countries. Providing information about seafarers employment education and training certification sea-service documentation and manning issues.

In fact according to Cruise Lines International Association 90. The cruise lines take advantage of an obscure provision in the US. The Cruise Lines International Association explains the reason behind the fact that 90 of the cruise liners register their ships under a foreign flags due to the capabilities of the flag to deliver the services needed.

The BMA welcomes all types of vessels to register whilst ensuring that the highest international standards are met. The majority of cruise ships today are registered to Panama Liberia or the Bahamas. Jones Act vs Passenger Vessel.

It has a young fleet. Panama operates what is known as an open registry. Most of the big boats fly Bahamian flags but other popular registries include Panama Bermuda Italy Malta and the Netherlands.