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Why does CSL International operate ships under foreign flag?

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Why does CSL International operate ships under foreign flag?

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A8. CSL International operates its ships under foreign flag, as do all major international shipping companies, to remain competitive in the international marketplace. It is important to recognize however, that a majority of The CSL Group fleet – 15 of 24 ships are Canadian flagged, pay Canadian taxes and are Canadian crewed. Moreover, 500 of the 700 employees are based in Canada. All 8 vessels owned and operated under foreign flag were acquired as such and never operated under Canadian flag.

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