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Deregistration

Panama Establishes Zero-Tolerance Policy For Misuse Of

Panama Strengthens Fleet Integrity with New Deregistration Measures

2 mins

The Panama Maritime Authority (PMA) is cracking down on vessels and owners on international sanctions lists. Since Executive Decree No. 512, 125 vessels have been reviewed, with 107 cancellations and 18 cases pending. Panama also has laws for deregistering vessels involved in criminal activities, illegal fishing, and terrorism financing, showing a commitment to responsible ship registry management.

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Panama Purges 107 Ships

Panama Maritime Authority Deregisters 107 Vessels to Enhance Compliance and Security

3 mins

The Panama Maritime Authority has deregistered 107 vessels flagged for compliance concerns or on sanctions lists. An additional 18 vessels are undergoing the process. Stricter pre-registration analysis now includes owner and operator background checks. Risk matrices and technology upgrades help identify illicit activities. Panama is dedicated to transparency and security, upholding international standards.

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