Shipping companies leaving British registry as Brexit looms

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.

French shipping group CMA CGM said prior to Britain’s 2016 referendum on EU membership it was the largest owner of container ships under the U.K. flag with 49 vessels. CMA CGM, the world’s fourth biggest container shipping line, said as a French company it complied with the EU regulatory framework with regards to its fleet registered in EU member states, allowing the group “to remain competitive.”Shipping data showed CMA CGM’s U.K. ships were transferred to the French and Maltese flags on March 1, 2019.

Separate data from valuation company VesselsValue showed the British flag was ranked 22nd in the world, with Panama at no. 1 with over 203 million GT.

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