Panama seeks alternatives to maintain maritime leadership

Panama is looking for an alternative to continue maintaining its leadership position in the flagging of ships.

The Marshall Islands have become Panama’s main competitor, with an average annual growth of 10%.

The Princes Cruises vessels will transit through the expanded canal soon.

The Princes Cruises vessels will transit through the expanded canal soon.

Panama is a leader in the merchant fleet. Last year, the country brought together 18% of the world fleet, with a total of 8,094 vessels and 226.6 million tons. But the country is concerned about the rapid growth of the flag of the Marshall Islands, which already has more than 2,000 vessels and 132 million tons.

The Panama Maritime Authority is looking for new strategies to attract more ships to its fleet, preferably new and larger vessels. Its strong point continues to be its service of attention to the user, that it provides in several languages and in the local time of each country.

Despite the great advance of the Marshall Islands, the Panamanian record is still twice as large as that of its main competitor, so experts believe that losing leadership is still a very remote possibility.

Panama continues to strengthen its presence in all areas of maritime transport. In fact, Princess Cruises will begin to cross the expanded Panama Canal with its ships soon.

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