British ferry operator P&O said Tuesday that it will register to Cyprus its ships operating on the English Channel in order to function more smoothly after Brexit.
The company operates a total of 20 ships and six of those will be re-flagged -- which means a change in their national registration.
"In advance of Britain leaving the European Union on 29th March 2019, we undertook a review of the flag status of our ships on the English Channel," a spokesman said.
"For operational and accounting reasons, we have concluded that the best course of action is to re-flag all ships to be under the Cyprus flag."
The decision will result 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", he added.
"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.
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