
14. Shipping Company Formation and Structure.
Shipping company formation involves establishing a business entity that owns and operates ships. The structure of a shipping company can include various roles, such as owners, managers, and crew, organized to comply with maritime laws. When registering a ship, the company must choose a nationality based on the country where it registers the vessel, as this determines legal protections and obligations. A company must also adhere to both international and national regulations, ensuring its operations meet safety, environmental, and labor standards while allowing the ship to sail under its chosen flag.