International Chamber of Shipping (ICS) published flag state performance table 2015/2016.
There is nothing inherently unusual in an international ship registry system in which the owner of a ship may be located in a country other than the state whose flag the ship flies. However, a balance has to be struck between the commercial advantages of selecting a particular flag and the need to discourage the use of flags that do not meet their international obligations.
The purpose of this Flag State Performance Table is two-fold:
-To encourage shipowners and operators to examine whether a flag state has sufficient substance before using it.
-To encourage shipowners and operators to put pressure on their flag administrations to effect any improvements that might be necessary, especially in relation to safety of life at sea, the protection of the marine environment, and the provision of decent working and living conditions for seafarers.
You may download flag state performance table here.