Why Did Panama Remove Over 650 Ships From Its Registry? City Issues Stricter Rules

Panama removes over 650 vessels from registry amid sanctions

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. A total of 214 vessels have been withdrawn from Panama’s registry, among the world’s largest with more than 8,500 ships, since it began implementing measures last year allowing it to act faster to help enforce sanctions, the authority added.…

Panama Removes Over 650 Ships From Registry Amid Sanctions & Global Scrutiny

The registry, one of the largest in the world, has been under increasing global pressure to prevent the misuse of its flag.

Panama slams UANI over ‘misleading claims’ on Iran sanctions

Panama has strongly denied the accusations made by the CEO of United Nuclear Iran (UANI) Mark D. Wallace regarding its role in enforcing sanctions against Iran’s oil trade.

Panama deflags more than 650 vessels from registry since 2019 due to sanctions

Panama’s Maritime Authority rejects claims made by UANI CEO that it supports Iran's oil trade

Why Did Panama Remove Over 650 Ships From Its Registry? City Issues Stricter Rules

Panama’s Maritime Authority announced on Monday that it has removed more than 650 ships from its flag registry since 2019 as part of a broader effort to comply with U.S. sanctions and tighten rules for vessels flying its flag. Of those, 214 ships were de-registered just in the last year under new rules that allow Panama to act more quickly against ships tied to sanction violations. Once a vessel is removed from Panama’s registry, it can no longe…

Panama Claims 650 Ships Removed from Registry Over Sanctions

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.