Reported 26 days ago
Panama is poised to cancel the registration of 128 ships that have been sanctioned by the US, allies, or the UN, following a commitment to penalize blacklisted vessels. Ramón Franco, from the Panama Maritime Authority, stated that at least 70 tankers have already been removed, with more to follow, resulting in potential revenue losses of up to $2 million. The decision reflects Panama's determination to maintain its influence in the maritime industry amidst growing scrutiny of vessels involved in transporting sanctioned cargo.
Source: YAHOO