Panama has maintained its global leadership in Ship Registry

According to the international platform IHS Markit, Panama has maintained its global leadership in Ship Registry with 8,540 vessels and 251.1 million gross tonnages (GT). By the same token, in the last World Fleet Monitor published this year by Clarksons Research Platform, the Panamanian flag is flown by 16% of the ships that make up the world fleet.

Of said percentage, 339 ships of new construction, with which the General Directorate of Merchant Marine has managed to get closer to its objective of attracting to Panama vessels of this segment. On the other hand, in order to maintain the standards of the international maritime industry, the Panama Ship Registry canceled ex- officio 161 vessels of around 17 years old, of which an important number of these vessels were related to unreported and not regulated fishing.

With the measures implemented, Panama remains committed in developing its services in repect to the Registry of Vessels, by promoting the decarbonization of the industry, in order to optimize its assistance to shipowners worldwide.