The Panama Ship Registry grows in 2023 while maintaining a 16 percent market share
The Panama Ship Registry experienced continued growth in 2023 maintaining its leadership position in the industry as it continues to also modernize the registry. Panama and Liberia remain rivals for the leadership position in the industry well ahead of other flags even as Panama continues to purge its registry to ensure compliance and best practices […]
IMO Enters a New Phase with Arsenio Dominguez of Panama Taking on Leadership Position.
Panama’s long-time representative to the International Maritime Organization, Arsenio Dominguez, officially began his role as Secretary-General with a brief message outlining his vision to the maritime community. He sought to highlight the successes of the organization while also recognizing the need for it both to evolve and the strong near-term challenges that must be addressed. […]
The Panama Canal has reversed reductions in daily transits and made adjustments to reservations
The Panama Canal Authority is postponing planned reductions in daily transits, set to begin next month, due to slight improvements in reservoir water levels. Simultaneously, adjustments are being made to the reservation system. This development is welcomed by the shipping industry, facing vessel diversions amid concerns over conflict in the Red Sea impacting a critical […]
Wabtec and Marinsa receive an order for marine engines for new tugboats in the Panama Canal.
Wabtec Corporation (NYSE: WAB) and its Latin American Channel Partner, Marinsa International, have recently inked an agreement to provide primary power for 10 new hybrid tractor tugboats commissioned by the Panama Canal Authority (ACP). As part of the deal, Wabtec will supply two 8L250MDA marine engines for each tugboat, ensuring optimal availability with the lowest […]
Agreement with Japan Starts Producing Results in Benefit of Seafarers
During a recent visit to the Panama Maritime Authority, senior executives from the Japanese shipping company Mitsui O.S.K. Lines (MOL) announced plans to facilitate 15 new job opportunities in the second semester of 2023. Additionally, they anticipate hiring 10 new cadets in 2024, aiming to benefit Panamanian seafarers for service on ships flying the Panamanian […]
Panama hosts the 23rd Meeting of the Agreement Committee
Panama will be the venue for the “XXVIII Meeting of the Agreement Committee, and Administrators of Information Centers as well as Technical Work Groups” of the Viña del Mar Agreement, scheduled to take place from September 5 to 8 of this year. The Viña del Mar Agreement, also known as the Latin American Agreement on […]
The United States Coast Guard recognizes the Panamanian Fleet
The Panama Ship Registry administered by the Panama Maritime Authority (AMP), for the first time, has become eligible for “Qualship 21 Program”, which has been in existence for more than twenty years. This represents a milestone for the Panama Ship Registry and demonstrates the institution´s effort and its human resources in changing working methods and fleet […]
The Panama Canal commemorates 21 years of reforestation
The symbolic planting of the 5 millionth tree through the Panama Canal Environmental Economic Incentives Program (PIEA) at the Canal Administration Building marked a significant occasion. Over the past 21 years, around five million trees have been planted in the Hydrographic Basin, reflecting one tree for each Panamanian, primarily aimed at environmental protection and water […]
Panama adheres to a policy of completely rejecting illegal fishing activities.
Panama’s Ministry of the Presidency has issued Executive Decree 245 on November 21, 2022, directing the prompt removal of vessels from the Panama Ship Registry if there are reasonable grounds to believe they are linked to Illegal, Unregulated, and Unreported Fishing activities (IUU), as determined by the Panama Maritime Authority (AMP)’s Directorate General of Merchant […]
