Panama will not register oil tankers and bulk carriers older
Panama Tightens Ship Registration Rules
The Panamanian Ship Registry has announced significant policy changes aimed at enhancing the operational efficiency of its fleet and reducing the risk of detentions. Effective immediately, the registration of oil tankers and bulk carriers older than 15 years will no longer be permitted. This decision follows a thorough analysis of inspection data, highlighting the need for stricter regulations to maintain compliance and safety standards.
New Precheck Process and Inspection Protocols
The updated policies were communicated to the maritime industry through the issuance of MMN 11/2024, which outlines the new Precheck requirements for vessels seeking to register under the Panamanian flag. This initiative is a direct response to findings from the General Directorate of the Merchant Marine, which revealed that 71% of fleet detentions from 2023 to mid-2025 involved older bulk carriers, general cargo vessels, and oil tankers. By implementing these measures, Panama aims to mitigate risks associated with sanctions and vessel operations.
As part of the Precheck process, the Panamanian Ship Registry will conduct additional inspections every three months for vessels deemed deficient. These inspections will be carried out by Recognized Organizations (RO) responsible for issuing statutory certificates. Furthermore, there will be enhanced verification of the Ship’s Safety Management System (SMS Certificate), with the potential for increased frequency of checks if any non-conformities are detected. These proactive steps underscore Panama’s commitment to maintaining high standards within its maritime fleet.
By prioritizing quality over quantity and enforcing stricter oversight, the Panamanian Ship Registry is taking decisive action to ensure compliance with international regulations. This initiative not only aims to enhance the safety of the maritime industry but also contributes to a more sustainable operational environment for the fleet under its flag.
