Maersk will reflag UK ships and pull out of the UK Tonnage Tax before the country's departure from the EU. The company said it would not pay any tax on its vessels until they were in British ports. Europe’s largest shipping company is said to be following in the footsteps of ferry and logistics company P&O which last week announced it was reflagging all its short sea vessels to Cyprus due to Brexit uncertainty and the desire for its ships to be flagged in an EU member state. The decision follows a similar move by ferry and logistics operator P&O, which announced last week it wanted all of its vessels to be flagged in an EU member state.
Maersk will reflag UK ships and pull out of the UK Tonnage Tax before the country's departure from the EU. The company said it would not pay any tax on its vessels until they were in British ports. The decision follows a similar move by ferry and logistics operator P&O, which announced last week it wanted all of its vessels to be flagged in an EU member state.