Germany Aims to Boost Use of National Flag in Shipping Industry
A planned reform seeks to make the German flag more competitive and appealing to shipping companies, addressing cost and bureaucracy concerns.
- German authorities are working on a reform to encourage more shipping companies to register their vessels under the German flag.
- Currently, approximately 85% of German-owned ships operate under foreign flags, largely due to lower costs and less bureaucracy abroad.
- The reform, led by the Federal Ministry of Transport, includes plans to establish a centralized service center for shipping companies and seafarers.
- The German Shipowners' Association supports the initiative, emphasizing the need to make the German flag internationally competitive and less bureaucratic.
- Despite challenges, Germany ranks 21st out of 71 in an international flag registry ranking and remains a key player in global shipping, holding the seventh position in ship ownership by weight.