Wikipedia: Marshall Islands
Politically, the Marshall Islands is a parliamentary republic with an executive presidency in free association with the United States, with the U.S. providing defense, subsidies, and access to U.S.-based agencies such as the Federal Communications Commission and the United States Postal Service.
> Looks like the Marshall Island navy is the US Navy... <
Interesting, thanks. Then the question becomes, do the minimal fees paid by a Marshall Islands flagged ship go to the Marshall Islands or to the United States?
I bet it’s the former. Get US Navy protection without helping to pay for the US Navy. Sort of like the guy who refuses to contribute a dime to his local volunteer fire department, but is quick to call them in an emergency.
Good info.
Eagle Bulk Shipping is planning to merge with Greek shippers Star Bulk in the 1st half of 2024. All stock transaction, wherein EGLE shareholders receive 2.6 shares of SBLK.
Good to know the Eagle ship was able to leave the area under its own power. Damaged cargo.