Maritime Flags of Convenience Visualized

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With the recent LNG News I decided to get to work on some maritime visualizations. Above is a bubble graph I created representing the number of ships registered to each flag state.

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This graph is even more interesting, it shows the number of ships registered to each country by foreign owners. Notice the Flags of Convenience? Surprising that the U.S. has 51 flagged ships registered by foreigners.

Data is from the May 15th 2007 version of the CIA World Factbook.
Total number of ships registered worldwide: 33,222
Total number of foreign owned ships: 16,717.
More graphs of this data:

Merchant Marine - Rank Order (top chart):

Ships owned by foreigners worldwide:

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