[burmer]

Yeah, that's why so many ships are registered to specific countries too, so they can operate with looser restrictions. It's basically "offshoring" but for the regulations. When I worked in fisheries, I remember seeing so many boats registered to Panama, and never knew why: http://www.pmacertification.com/advantages-of-registering-a-...

[Y_Y]

At least a lot of ships actually go to Panama. Many are also registered in Liberia.