Maersk-affiliated vessels to

Maersk-affiliated vessels to be flagged out of Singapore

Maersk-affiliated vessels, including those under the Maersk brand, will be flagged out of Singapore due to changes in the global shipping landscape.

The move is part of a broader industry shift towards flagging vessels in countries with more favorable tax and regulatory environments.

This decision is made by Maersk-affiliated companies, not by the parent company itself, Maersk Group.

The parent company remains committed to Singapore as a major business hub.

Maersk-affiliated companies have notified the Maritime and Port Authority of Singapore (MPA) about the planned flagging out of their vessels.

The MPA has stated that it will work with the companies to ensure a smooth transition.

This development is part of a larger trend in the shipping industry, where companies are seeking to optimize their operations and reduce costs.

Maersk-affiliated companies have been operating in Singapore for many years and have contributed significantly to the growth of the country's maritime industry.

"The decision to flag out our vessels is a commercial one, driven by the need to optimize our operations and reduce costs in an increasingly competitive market," said a spokesperson for Maersk-affiliated companies.

The flagging out of Maersk-affiliated vessels is expected to have a minimal impact on the Singaporean economy, as the country is a major hub for international trade and maritime activities.

Maersk-affiliated companies will continue to operate in Singapore, albeit under different flags.

"We remain committed to Singapore as a major business hub and will continue to work closely with the MPA and other stakeholders to ensure a smooth transition," added the spokesperson.

Author's summary:

Maersk-affiliated vessels will be flagged out of Singapore due to changes in the global shipping landscape, reflecting a broader industry trend of optimizing operations and reducing costs.

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safety4sea safety4sea — 2025-11-27

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