US EditionPanama Responds to Critics Highlighting Canceling Flag for Over 650 Vessels
- Panama's Maritime Authority removed more than 650 vessels from its registry since 2019, including 214 last year, to enforce stricter flag rules and comply with U.S. sanctions.
- Panama took these removal actions following pressure from a watchdog group opposing Iran's nuclear activities, accusing the country of not doing enough to stop vessels violating sanctions, particularly those carrying Iranian oil under Panama’s registry.
- In 2019, Panama joined other flag states, such as Liberia and the Marshall Islands, in an agreement to share information regarding vessel registrations that were canceled or denied due to possible sanction breaches, and started taking action against ships that disable their transponders to evade monitoring.
- The authority emphasized that the issue goes beyond problems with Panama's registry alone, describing it as a significant risk to the enforcement of international sanctions and to security in both the region and the United States, while working alongside the U.S. To address these concerns.
- Panama’s efforts to increase registry oversight reflect growing U.S. Pressure amid the rise of 'dark-fleet' tankers and highlight ongoing tensions over sanction enforcement and the illicit oil trade.
11 Articles
11 Articles
Panama Removes Over 650 Ships From Registry Amid Sanctions, Stricter Rules
Panama's Maritime Authority has removed from its registry more than 650 vessels since 2019 as part of an effort to fulfill U.S. sanctions and enforce stricter rules for the ships it flags, it said on Monday.
The Straits Times
GMA Filipino NewsPanama removes over 650 ships from registry amid sanctions, stricter rules
PANAMA CITY - Panama's Maritime Authority has removed from its registry more than 650 vessels since 2019 as part of an effort to fulfill U.S. sanctions and enforce stricter rules for the ships it flags, it said on Monday. Read more at straitstimes.com.
US Federal Maritime Commission to Investigate ‘Flags of Convenience’
The US Federal Maritime Commission (FMC) has opened an investigation to examine whether foreign shipping laws and regulations, especially those related to “Flag of Convenience” practices, have produced unfavorable conditions to the foreign trade of the United States. In its formal notice announcing the investigation, the FMC stated that recent casualties, like the MV DALI bridge allision, suggest a “race to the bottom” where countries compete b…
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