The tribunal in Paris awarded the assets on the condition the shipping company operated under the French flag and Eurotunnel leased the ships to a workers' co-operative.
In the case of Carnival Cruise Lines, the owner of the Carnival Triumph that spent days in the Gulf of Mexico disabled after an engine fire, the company is incorporated in Panama, its offices are based in Miami and its ships fly under the Bahamian flag a matrix that is not unusual in the cruise line industry.