No shortage of purge-worthy vessels in Panama detention list, but is it willing to pay the price?
The world’s largest flag registry says it is purging its fleet after its relegation to the Paris MOU’s second tier
A Lloyd’s List analysis of Panama-flagged ships detained between 2020-2022 shows the largest flag registry should have plenty of tonnage to review for its proclaimed fleet purge. However, a thorough elimination of bad tonnage could close the already narrowing fleet size gap between the largest flag registry and its deputy, Liberia