The Panama Maritime Authority (AMP) recently met with the International Transport Workers’ Federation (ITF) to bolster protections for maritime workers. A key focus was recovering $8.5 million in unpaid wages by 2024, significantly up from $5.6 million last year, showcasing AMP’s commitment to enhancing seafarer welfare and compliance.
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.
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.
Panama’s maritime industry has excelled in meeting international safety and environmental standards, boasting a remarkable 96.5% compliance rate. The Panama Maritime Authority closely monitors the fleet, ensuring adherence to strict criteria set by global frameworks. With a growing registry and emphasis on quality, Panama remains a top choice for ship registration worldwide.
Panama has made history by registering 358 newly built ships, totaling over 8.5 million Gross Tonnage, solidifying its position as the world leader in ship registration. The Panama Maritime Authority’s strategic initiatives and incentives have attracted shipowners, showcasing its commitment to sustainability and advancement in the maritime sector.
The Panama Maritime Authority has introduced a new measure to revoke licenses for vessels on international sanctions lists. Minister Roquebert represented Panama at the IMO, discussing decarbonization efforts and compliance with regulations. Talks with IOPC and ITF focused on liability for oil spills and seafarers’ rights. Panama aims to strengthen maritime safety and environmental protection.
The Panama Maritime Authority strongly advises all Panama-flagged vessels to avoid transiting in the Middle East region due to ongoing security concerns. Vessels are urged to enhance security measures and maintain vigilance while in these areas. Compliance with security protocols and communication with local authorities are essential for the safety of crew and vessels.
The Panama Maritime Authority signed a Memorandum of Understanding with the Ministry of Energy and Infrastructure of the United Arab Emirates, offering incentives to Panamanian Registry vessels. The “Blue Pass” project aims to provide privileges and facilities to shipping companies and shipowners visiting UAE ports, enhancing integration and mutual services.
