The Panama Ship Registry has made history by becoming the first maritime authority globally to enforce stringent regulations on offshore ship-to-ship (STS) transfers of hydrocarbons. This groundbreaking measure mandates that all Panamanian-flagged oil tankers over 150 gross tons notify the Panama Maritime Authority (PMA) at least 48 hours prior to any STS operation, detailing all … Continue reading Panama cracks down on STS transfers in bid to clean up fleet