Panama Maritime Authority Tightens Measures in Response to U.S. Sanctions

The Panama Maritime Authority (PMA) has introduced stricter regulations to safeguard the integrity of its ship registry following sanctions placed on seven Panamanian-flagged vessels by the U.S. Office of Foreign Assets Control (OFAC). This comes after vessels were implicated in sanctions evasion, particularly in transporting Iranian oil.

With over 8,000 vessels accounting for 250 million gross tons (GT), Panama maintains the...

https://mfame.guru/panama-maritime-authority-tightens-measures-in-response-to-u-s-sanctions/