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Liberia's Prince Heads World Largest Merchant Fleet
Monrovia reports Prince Abraham Massaquoi, Liberia's maritime commissioner, oversees a fleet of 1,700 registered ships with 27 million gross tons, earning over $4 million in 1968 from fees and taxes. Liberia offers low registration costs to attract owners, mainly American and Greek, despite criticism of unfair competitive advantage and lax safety standards.
MENTIONED IN THIS ARTICLE
Monrovia
Liberia
Prince Abraham Massaquoi
Prince Abraham
Britain
Japan
United States
Norway
Eric Ogden
Seapowers
Liverpool
Con Nist
Prince Abraham Union
Aristotle Onassis