Ship Registration in Panama, Singapore, Bangladesh Flag: A Comparative Study Approach – M. Mostafa Aziz Shaheen(45N)

ABSTRACT: 

Registration is the precondition for a ship to maneuver in high sea and ports worldwide. Many ship registers followed aggressive registration policy permitting non-citizens with flexible tax and fee structure resulting in substantial amount of revenue earning by becoming preferred destination for vessel registration globally. As a maritime nation, Bangladesh has not yet grasped the potentials of ship registry and expand her fleet. In this paper, effort has been made to compare the ship registration among Bangladesh and others top ranked vessel register (Panama, Singapore) concerning policy, revenue structure and incentives for mitigation to get the optimum output in registration market. The study depended on data collected from both the primary and secondary sources. This study identified a complicated ship registration process in Bangladesh relying on national register with nationality as a determining factor for registry resulting in sluggish growth of ship registration. The underlying causes are strict legal frame, paper based process, huge tax burden, inadequate incentive. Therefore, this study mentions flexibility in legal frame, registration process automation, justification of tax structure and investment acceleration through incentives.

Download linkhttps://www.ijsr.net/archive/v7i11/ART20192773.pdf

How to cite this article? Md. Mostafa Aziz Shaheen, “Ship Registration in Panama, Singapore, Bangladesh Flag: A Comparative Study Approach”, International Journal of Science and Research (IJSR) ISSN: 2319-7064, https://www.ijsr.net/archive/v7i11/ART20192773.pdf, Volume 7 Issue 11, November 2018, 795-803

Writer: M. Mostafa Aziz Shaheen
Merchant Mariner & Ex-Student of MMA (45N), Masters in Port & Shipping Management, Bangabandhu Sheikh Mujibur Rahman Maritime University, Bangladesh.