The Panama Maritime Authority (AMP) has launched proceedings to revoke the registration of 17 vessels recently added to the U.S. Office of Foreign Assets Control (OFAC) sanctions list. This decisive action is part of Panama’s ongoing initiative to enhance oversight of its flag registry, which ranks as the second-largest globally, encompassing over 8,000 vessels with … Continue reading Panama Intensifies Crackdown on Sanctioned Vessels with Registry Cancellations