UK shipping firm P&O re-flagging two vessels to Cyprus ahead of Brexit
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LONDON (Reuters) - British ferry and shipping freight operator P&O is reviewing its UK-registered fleet and is already re-flagging two vessels to keep European Union tax arrangements ahead of Britain's departure from the bloc, the company said. A P&O spokesman said two of its UK ships operating on the English Channel route to France would be re-flagged to Cyprus. "The change is being made to preserve the tonnage tax financing arrangements, under which the ships should remain flagged in an EU..