PANAMA CITY (Reuters) - Panama has made progress stripping vessels from its registry that do not meet its flag's standards, ...

The policy underscores the importance of a transparent and standardized system for the ownership and registration of ships within the member states. It urges implementation of measures that ...

TASS/. The Yangpu port economic development zone, located in Hainan's northwest, issued the first certificate of registration of the vessel in the island's free port, reported People's Daily.

One possible reason is the easy ship registration procedure. Panamaoperates an open registry and any person or entity, regardless of nationality, is eligible to register a vessel under its flag.