A leading German shipowner expects European owners will start to review their use of the UK flag as a consequence of the Brexit vote.

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“It is so narrow-minded and petty that it hurts,” said Thomas Rehder, the former president of the European Community Shipowners Association (ECSA).

He expects that the UK and the remaining European Union members will be marginalized as a consequence of Brexit and that shipping will suffer in the coming years.

“I