P&O to register UK ferries under Cyprus flag because of Brexit

PUBLISHED: 14:58 22 January 2019 | UPDATED: 16:44 22 January 2019

The Port of Dover in Kent

The Port of Dover in Kent

PA Archive/PA Images

Ferry giant P&O is to re-register its UK fleet under the Cyprus flag ahead of Brexit.

A spokesman for the firm said the six ships will be reflagged to enable them to continue to benefit from the tax arrangements of EU states.

The announcement follows a decision last month to re-register two of the ships in Cyprus.

A P&O spokesman said: “In advance of Britain leaving the European Union on March 29, 2019, we undertook a review of the flag status of our ships on the English Channel.

“For operational and accounting reasons, we have concluded that the best course of action is to reflag all ships to be under the Cyprus flag.

“The Cyprus flag is on the ‘white list’ of both the Paris and Tokyo Memoranda of Understanding, resulting in fewer inspections and delays, and will result in significantly more favourable tonnage tax arrangements as the ships will be flagged in an EU member state.

“We have no plans to make any other changes, including the terms and conditions of any of our seafarers, as a result of the new arrangements.”

The Rail, Maritime and Transport union has previously described P&O’s reflagging of UK ships as “pure opportunism”, claiming the firm’s “long-term aim has always been to switch the UK fleet to a tax haven register”.

You've seen the news, now discover the story

The New European is committed to providing in-depth analysis of the Brexit process, its implications and progress as well as celebrating European life.

Try 13 weeks for £13

Become a Supporter

The New European is proud of its journalism and we hope you are proud of it too. We believe our voice is important - both in representing the pro-EU perspective and also to help rebalance the right wing extremes of much of the UK national press. If you value what we are doing, you can help us by making a contribution to the cost of our journalism.

Find out more

Latest Articles

Most Read

latest issue

ANTI-BREXIT EVENTS

Grassroots anti-Brexit campaigners are keeping up the pressure on politicians as Brexit rumbles on. Here is a list of the events organised across the UK in the coming weeks.

Newsletter Sign Up

The New European weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy