[DOC] [TLE] Flag of convenience - Wikipedia [PAR] Flag of convenience (FOC) is a business practice whereby a merchant ship is 
registered in a country other than that of the ship's owners, and the ship flies that 
country's civil ensign. Owners of a ship may register the ship under a flag of 
convenience to reduce ... A ship operates under the laws of its flag state, and 
these laws are used if the... [DOC] [TLE] What is a Flag of Convenience? - HG.org [PAR] A ship operates under the laws of its flag state, so vessel owners often ... world's 
merchant ships were registered with open registries, with Panama, Liberia, and ... 
Some ships with flags of convenience have been found engaging in criminal ... 
There are about a dozen countries most widely used for open vessel registrations
. [DOC] [TLE] Why so many shipowners find Panama's flag convenient - BBC News [PAR] Aug 5, 2014 ... Most merchant ships flying Panama's flag belong to foreign owners wishing to ... 
Panama now has the largest registry in the world, followed by Liberia, the ... fleet 
was registered under a flag of a country other than its own. [DOC] [TLE] Flag of Convenience  or Flag of Necessity? - Pacific Maritime ... [PAR] Sep 1, 2016 ... The flag of convenience, more politely known today as an open ... ship's owner 
and flying that state's flag, has been a growing trend on ... had few merchant 
ships, or even merchant crews, under its own flag ... After the Second World War 
a new open registry was formed in the West African country of Liberia. [DOC] [TLE] why are so many cargo ships from panama and liberia? | Yahoo Answers [PAR] Dec 6, 2012 ... Liberia, founded by freed American slaves, has always enjoyed a close trading ... 
Panama is a country with liberal maritime laws (besides being cheap to ... A ship 
operates under the laws of its flag state, and these laws are used if ... As of 2009, 
more than half of the world's merchant ships were registered... [DOC] [TLE] Liberia's 'Flags Of Convenience' Help It Stay Afloat : NPR [PAR] Nov 7, 2014 ... The weak Liberian economy has been hit by the Ebola crisis. One thing ... its flag. 
The Liberian flag is the second most popular flag flown by international cargo 
ships and is a huge source of revenue. ... For century, ships flew the flag of their 
home country, usually the home country of the ship owner. And this... [DOC] [TLE] Flags of convenience | Merchant ship is registered [PAR] The term flags of convenience is described as the practice whereby a merchant 
ship is registered under the provisions of a sovereign state different. [DOC] [TLE] Flag of Convenience - History - LiquiSearch [PAR] Merchant ships have used false flags as a tactic to evade enemy warships since 
antiquity, ... However, the modern practice of registering ships in foreign countries 
to gain ... The Seamen's Act regulated mariners' working hours, their payment, 
and ... Niarchos registered the first ship under the Liberian flag, the World Peace. [DOC] [TLE] Flag of Convenience | Flag Convenience - LiquiSearch [PAR] The term "flag of convenience" has been in use since the 1950s and refers to the 
... A ship operates under the laws of its flag state, and these laws are used if the ... 
registries steadily increased, and in 1968, Liberia grew to surpass the United ... 
As of 2009, more than half of the world's merchant ships were registered with... [DOC] [TLE] Flag of convenience or open registry - Offshore Investment Magazine [PAR] These countries are sometimes called 'Flag of Convenience' countries by the ... 
promote low safety standards or do not have the necessary infrastructure to 
inspect the ... vessels and 83, 806, 185 gross registered tonnage under its flag, 
thus ... vessels registered at world level, surpassing its greatest competitor, 
Liberia. [DOC] [TLE] TIL that Panama has the world's largest merchant navy by number of ... [PAR] Ships are registered under flags of convenience to reduce operating costs or 
avoid ... the civil ensign a ship flies in

Question: It has surpassed Liberia as the country with the most merchant ships under its flag
Answer: Panama