The Panama Maritime Authority (PMA) announced a groundbreaking achievement with the registration of 358 newly built ships, totalling over 8.5 million Gross Tonnage (GT). This milestone underscores Panama’s continued dominance as the world’s leading ship registry and highlights its appeal to shipowners modernizing their fleets.
Key Highlights
- World Leader in Ship Registration: Panama manages 15% of the global fleet, as reported by Clarksons Research, and oversees a total of 8,742 vessels amounting to over 249 million GT, according to IHS Markit.
- Focus on Sustainability:
- Economic incentives encourage the development of energy-efficient, environmentally friendly vessels.
- Emphasis on fleet renewal to meet global sustainability standards.
- Technological Advancements:
- Streamlined administrative processes through cutting-edge technology to reduce registration time and enhance efficiency.
- Investments in workforce expertise support innovation in maritime services.
- Global Support:
- A network of consulates and technical offices provides 24/7 client assistance worldwide.
Strategic Initiatives
The PMA has adopted specialized benefits and incentives for shipowners engaged in constructing new vessels, reinforcing its commitment to modernizing the global fleet. These measures ensure that the Panamanian registry remains the preferred choice for sustainable maritime operations.
Future Outlook
The Directorate General of Merchant Marine continues to drive innovation, leveraging advanced technologies and exploring new market opportunities. This forward-thinking approach positions Panama as a global leader in maritime affairs, ensuring its registry’s competitiveness and relevance in a rapidly evolving industry.
This record-breaking performance solidifies Panama’s status as a trusted and progressive partner for shipowners worldwide.
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Source: PANAMA MARITIME AUTHORITY
