Estonia is ramping up its shipping ambitions with a rejigged shipping register designed to lure vessels and know-how.
The country introduced new legislation this summer to reduce costs and simplify procedures for shipowners.
"Our new tax regime has been in force since 1 July 2020, so it is a very short period," Tarmo Ots, head of external affairs at the Estonian Maritime Administration (EMA), told TradeWinds:
"Just to bring ships under our flag is not the main purpose we are doing this.