ECONOMY

Two P&O vessels to be reflagged to Cyprus

two-p-amp-038-o-vessels-to-be-reflagged-to-cyprus

British ferry and shipping freight operator P&O is reviewing its UK-registered fleet and is already reflagging two vessels to keep European Union tax arrangements ahead of Britain’s departure from the bloc, the company said.

A P&O spokesman said two of its UK ships operating on the English Channel route to France would be reflagged to Cyprus.

[Reuters]