The Maritime Authority of Panama (AMP) moved to cancelling the registration of a number of Iranian vessels, due to US imposing sanctions that target transportation, oil and banking areas. The move came after Juan Carlos Varela, Panamanian president, issued a presidential decree, allowing the AMP to de-register these vessels.
Mainly, Maritime Authority of Panama removed from its registry 59 vessels that were linked to Iran, according to ShareAmerica, the US State Department-run platform.
From the...
https://safety4sea.com/panama-deflags-59-ships-linked-to-iran/