AMP marks a century flagging ships

December 15, 2017 marks 100 years since the Panama Maritime Authority (AMP) began its Ship Registry, so the year will have a series of commemorative events in which the Panamanian people will participate.

The activities will seek to show the scope of the institution around the world and the respect it has gained from the international maritime community.

Since 1993, the Panamanian Ship Registry has been the number one in the world, the largest ship registry in the world.

Since 1993, the Panamanian Ship Registry has been the number one in the world, the largest ship registry in the world.

One hundred years ago, Law 63 of December 15, 1917 created the International Ship Registry of Panama to attend the needs of the international maritime community through a flag without restrictions of nationality.

Then, in 1925, the regulations took shape and established a system of attractive incentives for shipowners, such as double registration as well as special tax conditions for domestic merchant vessels engaged in international traffic.

From then until today the registry accepts ships of local and foreign owners and ensures compliance with national and international standards related to seaworthiness, maritime safety, pollution prevention and control, endowment, certification and guarding the rights of seafarers, technical, social and fiscal standards, thus becoming an International Vessel Register.

Since 1993, the Panamanian Ship Registry has been the number one in the world, the largest ship registry in the world, with 18% of the world fleet, through more than 8,000 merchant ships which represent 223.4 million gross registered tons (TRB), to May 2017.

Through this maritime service provided by the AMP, the registry represents one of the main incomes to the National Treasury

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