It's owned by Westland Mineral Sands Ltd, although I'm not sure if that means they are the legal owner, or lease the vessel. It's very odd, that's for sure.

[–] [email protected] 2 points 2 months ago* (last edited 2 months ago) (1 children)

I've struggled to find any info outside of fishing vessels, but some 10 years or so back NZ required foreign flagged fishing vessels to reflag to NZ to ensure we had jurisdiction of health and safety and labour issues, after reports of slave like conditions. Here's an article about companies that stopped operating here rather than follow the new law: https://www.newstalkzb.co.nz/news/national/foreign-charter-vessels-opt-out-of-nz-waters/

I reckon it's gotta be something dodgy, if the company in the original article is using foreign staff, they may not have to comply with our laws around pay, working conditions, or health and safety. It seems there may be some grey area here as in NZ waters we should have jurisdiction but if it's a foreign flagged vessel with foreign staff, it seems a little less clear.

I'm thinking this angle rather than taxes as the company is registered in NZ.

[–] [email protected] 2 points 2 months ago

Definitely very strange.