Shipping firms drop British flag as Brexit risks loom

LONDON - Companies are leaving Britain’s shipping registry due to uncertainty over Britain’s departure from the European Union and future commercial arrangements with the bloc, industry officials say.

The departures could also complicate any attempts by the British government to secure extra space on ships to help cope with potential trade disruption in a no-deal Brexit. “In light of Brexit and to avoid any uncertainty in the period with our fleet status and regulations ... CMA CGM has decided to transfer its fleet under UK flag to other European countries,” the company said in a statement to Reuters.

A spokesperson for Britain’s Maritime & Coastguard Agency said: “We regret that CMA CGM has chosen to reflag its vessels due to its obligations under EU regulation”.

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