Complex sentence: Due to its status as a flag of convenience, Liberia has the second-largest maritime registry in the world behind Panama, with 3,500 vessels registered under its flag accounting for 11% of ships worldwide.
Split into simpler sentences: Due to its status as a flag of convenience, Liberia has the second-largest maritime registry in the world behind Panama. It has 3500 vessels registered under its flag accounting for 11% of ships worldwide.