James Chao Mitch McConnell's drug runner father in-law and the owner of Foremost Group has all his ships flagged out of the Marshall islands while his business is in New York city.

The Marshall Islands is a popular flagging-out destination for many shipping companies because of its favorable tax and regulatory environment. The Marshall Islands has no corporate income tax, no capital gains tax, no withholding tax, and no sales tax. Additionally, the Marshall Islands has a well-developed legal and regulatory framework for the registration of ships, which makes it an attractive option for companies looking to register their vessels. The Marshall Islands also offers a wide range of services to support the registration of ships, including a network of agents and brokers, as well as a range of other services such as insurance and financing. Finally, the Marshall Islands is a member of the International Maritime Organization, which provides a level of international recognition and credibility.