Panama Blocks Older Tankers From Joining Shipping Register

Panama Shuts Registry to Aging Tankers and Bulkers Amid Sanctions Crackdown

The Panama Ship Registry has formally ceased accepting oil tankers, bulk carriers, and general cargo vessels that are more than 15 years old.

Panama blocks older tankers from joining shipping register

World’s second-largest registry says it is weeding out substandard ships and shadow fleet

Panama will not register tankers and bulk carriers older than 15 years

In its most firm action to date to counter dark fleet registrations, the Panamanian Ship Registry, the world’s second-largest flag, will no longer accept tankers or bulk carriers aged more than 15 years old.  “By prioritizing quality over quantity and implementing more rigorous oversight mechanisms, it ensures that the Panamanian fleet complies with the most …