The Panama Maritime Authority has implemented strict new age limits for ships entering its registry, banning the registration of oil tankers and bulk carriers over 15 years old.
This policy aims to improve fleet quality and combat the presence of vessels linked to the so-called “dark fleet” – ships operating with questionable transparency and suspected of evading international sanctions.
The decision took effect on 3 August 2025, following an internal analysis which revealed that 71 per cent of vessel detentions between 2023 and mid-2025 involved ships exceeding the 15-year threshold.
Panama’s move is part of a broader pre-check process designed to assess operational risks and sanction exposure before vessels can join the registry.
In addition to the age restrictions, Panama has increased oversight through quarterly inspections by recognised bodies for high-risk vessels and enhanced reviews of Safety Management Systems under Resolution 106-003-DGMM.
The registry emphasises prioritising quality over quantity to ensure compliance with the most rigorous international standards, contributing to safer and more sustainable shipping operations.
As the world’s largest ship registry, Panama houses over 8,600 vessels representing more than 247.7 million gross tons and accounts for around 15 per cent of global tonnage, according to IHS Markit data.
The registry continues its focus on fleet renewal by encouraging the registration of younger, more technologically advanced ships predominantly sourced from Asian markets.
This policy shift follows increased scrutiny on Panama-flagged ships, particularly those believed to be involved in transporting Iranian crude oil in violation of US sanctions. The Panama Maritime Authority has taken these decisive steps as part of ongoing efforts to strengthen maritime security and regulatory compliance.
A spokesperson from the authority stated: “By prioritising quality over quantity and implementing more rigorous oversight mechanisms, it ensures that the Panamanian fleet complies with the most demanding international regulations, thus contributing to a safer and more sustainable industry.”
In Panama-related news, the Panama Canal Authority recently confirmed that the waterway is operating at full capacity, maintaining a 50-foot draft throughout the dry season. The update, delivered during the ACP’s third quarterly market call, marks a return to normal operations following prolonged drought-related restrictions in 2023 and early 2024, which had forced the ACP to limit daily transits and reduce draft allowances.
