
Strong words and opinions have resulted as a consequence of the Australian Senate inquiry, which finds flag of convenience shipping poses serious risks to national security. Flag of convenience shipping refers to international trading vessels that are registered in tax havens such as Liberia, Panama and the Marshall Islands and are renowned for their lax labour laws, poor investment controls and lack of ownership oversight.
The Australian border force submission noted that, while most of legitimate sea trade is conducted by ships with flag of convenience registration, there are features of flag of convenience registration, regulation and practice that organised crime syndicates or terrorist groups may seek to exploit. These features are:
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