Panama Maritime Authority (PMA)<\/strong> has officially deregistered 107 Panamanian-flagged vessels listed under international sanctions, with an additional 18 currently undergoing the deregistration process.<\/p>\nThis action is in accordance with Executive Decree No. 512 of October 18, 2024, which grants the PMA the authority to unilaterally cancel the registration of vessels, as well as registered individuals and shipowners, that appear on international sanctions lists.<\/p>\n
The deregistered vessels had been identified for compliance concerns or were listed on sanctions list issued by OFAC, the European Union, and the United Kingdom.<\/p>\n
Historically, the deregistration of vessels involved in illicit activities was carried out under the General Merchant Marine Law (Law No. 57), specifically Article 49, which outlined the criteria for such procedures. However, the lengthy processing times \u2014 approximately three months \u2014 impacted the international perception of the Panamanian flag.<\/p>\n
To expedite this process and prevent sanctioned vessels from continuing operations, the Panamanian Government enacted Executive Decree No. 512, enabling the immediate deregistration of ships whose owners or vessels appear on the international sanctions lists specified in the decree.<\/p>\n
This measure ensures that no vessel or shipowner linked to illicit activities operates under the Panamanian[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_column_text]flag, while still respecting the registration of maritime mortgages and the legal rights of the parties involved.<\/p>\n
To prevent high-risk vessels from entering the Panamanian Registry, the pre-registration analysis process has been strengthened. This enhanced process now considers not only the vessel\u2019s technical criteria but also the background and operational history of its owner and operator.<\/p>\n
Additionally, risk matrices have been implemented, along with upgrades to technological platforms, to identify vessels potentially connected to illicit activities. These initiatives reinforce Panama\u2019s commitment to international security and environmental protection standards.<\/p>\n
Currently, the Directorate General of Merchant Marine is reviewing national legislation to further strengthen the Panamanian Merchant Marine and ensure rigorous oversight in line with international conventions. These regulatory adjustments will enhance fleet performance and guarantee compliance with safety standards.<\/p>\n
Through these measures, Panama reaffirms its commitment to transparency, security, and the fight against the misuse of its flag for illicit activities, solidifying its position as a leader in the global maritime industry.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n
1 2<\/a> … Next Page<\/a><\/strong><\/p>\n[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"
[vc_row][vc_column][vc_row_inner][vc_column_inner width=”1\/2″][vc_single_image image=”5038″ img_size=”full”][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_column_text]The Panama Maritime Authority (PMA) has officially deregistered 107 Panamanian-flagged vessels listed under international sanctions, with an additional 18 currently undergoing the deregistration process. This action is in accordance with Executive Decree No. 512 of October 18, 2024, which grants the PMA the authority to unilaterally cancel the registration of vessels,…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_themeisle_gutenberg_block_has_review":false},"class_list":["post-5031","page","type-page","status-publish","hentry","description-off"],"yoast_head":"\n
Maritime Updates - Panama Consulate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamamissionindia.com\/oldnews\/maritime-updates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maritime Updates - Panama Consulate\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_row_inner][vc_column_inner width=”1\/2″][vc_single_image image=”5038″ img_size=”full”][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_column_text]The Panama Maritime Authority (PMA) has officially deregistered 107 Panamanian-flagged vessels listed under international sanctions, with an additional 18 currently undergoing the deregistration process. This action is in accordance with Executive Decree No. 512 of October 18, 2024, which grants the PMA the authority to unilaterally cancel the registration of vessels,…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/panamamissionindia.com\/oldnews\/maritime-updates\/\" \/>\n<meta property=\"og:site_name\" content=\"Panama Consulate\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-01T10:42:51+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/panamamissionindia.com\/oldnews\/maritime-updates\/\",\"url\":\"https:\/\/panamamissionindia.com\/oldnews\/maritime-updates\/\",\"name\":\"Maritime Updates - Panama Consulate\",\"isPartOf\":{\"@id\":\"https:\/\/panamamissionindia.com\/oldnews\/#website\"},\"datePublished\":\"2025-03-29T06:53:57+00:00\",\"dateModified\":\"2025-07-01T10:42:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/panamamissionindia.com\/oldnews\/maritime-updates\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/panamamissionindia.com\/oldnews\/maritime-updates\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/panamamissionindia.com\/oldnews\/maritime-updates\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/panamamissionindia.com\/oldnews\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Maritime Updates\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/panamamissionindia.com\/oldnews\/#website\",\"url\":\"https:\/\/panamamissionindia.com\/oldnews\/\",\"name\":\"Panama Consulate\",\"description\":\"Panama Consulate Mumbai\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/panamamissionindia.com\/oldnews\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Maritime Updates - Panama Consulate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/panamamissionindia.com\/oldnews\/maritime-updates\/","og_locale":"en_US","og_type":"article","og_title":"Maritime Updates - Panama Consulate","og_description":"[vc_row][vc_column][vc_row_inner][vc_column_inner width=”1\/2″][vc_single_image image=”5038″ img_size=”full”][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_column_text]The Panama Maritime Authority (PMA) has officially deregistered 107 Panamanian-flagged vessels listed under international sanctions, with an additional 18 currently undergoing the deregistration process. This action is in accordance with Executive Decree No. 512 of October 18, 2024, which grants the PMA the authority to unilaterally cancel the registration of vessels,…","og_url":"https:\/\/panamamissionindia.com\/oldnews\/maritime-updates\/","og_site_name":"Panama Consulate","article_modified_time":"2025-07-01T10:42:51+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/panamamissionindia.com\/oldnews\/maritime-updates\/","url":"https:\/\/panamamissionindia.com\/oldnews\/maritime-updates\/","name":"Maritime Updates - Panama Consulate","isPartOf":{"@id":"https:\/\/panamamissionindia.com\/oldnews\/#website"},"datePublished":"2025-03-29T06:53:57+00:00","dateModified":"2025-07-01T10:42:51+00:00","breadcrumb":{"@id":"https:\/\/panamamissionindia.com\/oldnews\/maritime-updates\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/panamamissionindia.com\/oldnews\/maritime-updates\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/panamamissionindia.com\/oldnews\/maritime-updates\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/panamamissionindia.com\/oldnews\/"},{"@type":"ListItem","position":2,"name":"Maritime Updates"}]},{"@type":"WebSite","@id":"https:\/\/panamamissionindia.com\/oldnews\/#website","url":"https:\/\/panamamissionindia.com\/oldnews\/","name":"Panama Consulate","description":"Panama Consulate Mumbai","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/panamamissionindia.com\/oldnews\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/panamamissionindia.com\/oldnews\/wp-json\/wp\/v2\/pages\/5031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/panamamissionindia.com\/oldnews\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/panamamissionindia.com\/oldnews\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/panamamissionindia.com\/oldnews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/panamamissionindia.com\/oldnews\/wp-json\/wp\/v2\/comments?post=5031"}],"version-history":[{"count":6,"href":"https:\/\/panamamissionindia.com\/oldnews\/wp-json\/wp\/v2\/pages\/5031\/revisions"}],"predecessor-version":[{"id":5153,"href":"https:\/\/panamamissionindia.com\/oldnews\/wp-json\/wp\/v2\/pages\/5031\/revisions\/5153"}],"wp:attachment":[{"href":"https:\/\/panamamissionindia.com\/oldnews\/wp-json\/wp\/v2\/media?parent=5031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}