Can anyone imagine pirates operating in the Panama Canal? Not likely, since US gunboats would be at the waterway within hours. Fighter planes would arrive sooner. Alas, the situation is not the same for Panama-flagged vessels sailing in international waters – the world’s largest flagged fleet. To combat attacks, the Panama Maritime Authority (AMP) has now hired the AdvanFort Corporation to conduct counter-piracy operations aboard vessels flying the Panama flag. The resulting Resolution No 106-26-DGMM […]
A threat looms to the Panamanian ship registry because the Greek parliament approved a tax reform that will impact the ship owners in the country, who control about 16% of the world merchant fleet.
A major shipping watchdog has published, “Brokers and other transportation companies will, in the future, pay a tax of 10% in turnover of up to 200,000 euros, 8% for the following 200,000 euros then a 6% tax on turnover exceeding €400,000.”