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(From Lloyds List)
THE Marshall Islands will overtake Liberia to become the world's second largest flag state by 2010, according to the head of International Registries, which administers the Marshall Islands flag, writes Keith Wallis in Hong Kong.
International Registries managing partner William Gallagher told Lloyd's List: 'I predict the Marshall Islands will overtake Liberia in three to five years. That's being conservative and realistic.'
He was speaking in Hong Kong during a stop-over to formally open a new International Registries office in Dalian, the northern Chinese port city today.
'I see us well into the 40s [million gross …