P&O to change flag of UK ships to Cyprus ahead of Brexit | Reuters
▻https://www.reuters.com/article/uk-britain-eu-p-o-idUSKCN1PG1KA
British ferry and shipping freight operator P&O will shift the registration of its UK vessels to Cyprus ahead of Britain’s departure from the European Union, in part to keep its tax arrangements in the bloc, the company said on Tuesday.
P&O currently has six UK-registered ships operating on the English Channel route to France, although it announced last month it was moving two of those to the Cyprus registry and one has already been transferred.
All commercial ships have to be registered, or flagged, with a country partly to comply with safety and environmental regulations.