Greek shipowners have frozen relocation plans, relieved that their cash-strapped government did not increase tonnage tax by any significant degree as part of its latest international bailout.

Plan B, however, has so far not been shelved entirely. Shipmanagement companies and owners remain on tenterhooks because a big threat was still hanging over their heads at the time of writing — the possible abolition of their privileged status that leaves profits and dividends untaxed.

“All