Panama Tightens Ship Registry Rules to Combat Russian Sanctions-Evading Fleet
Panama has moved to impose stricter rules on ship-to-ship (STS) oil transfers in response to growing international scrutiny over its role in facilitating sanctions evasion. The country’s maritime authority now requires all Panama-flagged vessels above 150 gross tonnes to notify authorities 48 hours in advance of any planned STS operations. The move is aimed at increasing oversight of the so-called shadow fleet—vessels involved in transporting oil from sanctioned states like Russia and Iran.
The notification must include detailed technical and...
To Read Full Story Login Below.