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Panama Starts Canceling Registration of Six UK-Approved Vessels

Somto NwanoluebySomto Nwanolue
November 30, 2024
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Panama Starts Canceling Registration of Six UK-Approved Vessels
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Panama has begun the accelerated cancellation process of six Panamanian vessels included in the “consolidated list of financial sanctions targets in the United Kingdom,” according to a report by the Panama Maritime Authority said in a statement on Friday.

The move is coming after new President Jose Raul Mulino issued a decree in October directing vessels targeted by international sanctions to be removed from the country’s ship registry – the largest in the world.

The six ships marked on Friday were added to the UK’s sanctions targets list on Monday.

“The state has the responsibility to ensure the well-being of the Panamanian Registry, (to keep it) free from international sanctions and ships linked or included in sanctions lists that can affect the prestige of the flag,” Panama’s Merchant Marine director general Ramon Franco had said, adding, “This is a priority issue for this administration.”

Tags: approvedfederal characterNewsPanamaPanama Starts Canceling Registration of Six UK-Approved VesselsUKVessels
Somto Nwanolue

Somto Nwanolue

Somto Nwanolue is a news writer with a keen eye for spotting trending news and crafting engaging stories. Her interests includes beauty, lifestyle and fashion. Her life’s passion is to bring information to the right audience in written medium

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