Panama is taking strict measures to prevent the misuse of its flag by adopting a zero-tolerance policy to uphold the credibility of its ship registry. This has led to the deregistration of 107 vessels, with 18 more cases under review.
It follows Executive Decree No. 512, which mandates the immediate removal of vessels from Panama’s registry if they or their owners appear on international sanctions lists.
Since the decree took effect, 125 ships have been...