Panama Purges Shipping Registry

The country managed to get out of the gray list of the Paris Memorandum of Understanding (MOU Paris).

Tuesday, January 11, 2011

According to a preliminary report by the Panama Maritime Authority (AMP), the registry indicates that of the 8.391 inspections conducted between 2008 and 2010, only 485 vessels were detained, some 64 below the limit, which was of 549.

"In 2009 Panama passed from the blacklist to the gray list, but the Merchant Marine Department implemented a series of measures to reduce the number of arrests and reach the white list. The key was to perfect the register without affecting growth and improve the fleet´s quality control, said a representative of the AMP," reports the article in Prensa.com.

More on this topic

Panama Seeks to Register More International Vessels

October 2017

Starting from October 17, the Panama Maritime Authority will be opening new offices in London, Manila, and Dubai for the international registration of vessels.

The aim of the Panama Maritime Authority is to have a closer relationship with international clients, and to increase registration of vessels from non-traditional markets such as gas, cruise ships and yachts, since "...

Growing competition of Flag States in Panama

February 2013

A recently passed tax reform in Greece joins the other threats to the registration of ships in Panama.

A tax reform recently passed by the Greek parliament could affect the registration of ships in Panama.

This tax reform will have consequences for the country’s ship owners who control about 16% of the world’s merchant fleet.

Vessel Registration in Panama

February 2012

The registration of vessels carrying the Panamanian flag represents 22.3% of the worldwide maritime fleet, contributing $70 million to the state and another $200 million to the economy indirectly.

The Directorate General of Merchant Marine seeks to increase the international registration of ships carrying the Panamanian flag, attracting new customers or operators.

Panama Continues on Top in Maritime Registry

March 2009

Some 765 thousand international cargo ships that will come into operation by 2010 have applied for a Panamanian flag.

In the competition that several nations have for ship registry, Panama continues to exert its leadership, particularly in the important area of new vessels, followed by Singapore where 852 new ships have requested registry.

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