News and events

PANAMA’S SHIP REGISTRY FISCAL REGIME IS EVALUATED SATISFACTORILY BY OECD

The Organization for Economic Co-operation and Development (OECD) has evaluated satisfactorily Panama’s Ship Registry fiscal regime during its 52nd session of the Forum on Pernicious Fiscal Practices, held in in June 2019, in Paris, France. A statement from the agency indicated that the tax arrangements of the Panama Pacifico’s Special Zone and the headquarters of […]

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PANAMA SHIP REGISTRY MODERNIZES SHIP REGISTRATION

The Panama Ship Registry has announced it will integrate in a single platform “Electronic Ship Registration System (ESRS)” the present systems used by Panama Maritime Authority’s General Directorate of Merchant Marine (Ship Registry) and General Directorate of Public Property registry of Ships (ownership titles and mortgage registration), to simplify the process of ship registration. The […]

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THE BIGGEST BOXSHIP IN THE WORLD, JOINS THE PANAMANIAN SHIP REGISTRY

The Panama International Ship Registry adds to its world record ship roll, the MSC GÜLSÜN, the biggest boxship ever built, under IMO number 9839430. It is also the first ship featuring 24 rows across, adding 1,500 extra container capacity compared to the traditional container vessels, to widen its cargo capacity. For the recently appointed Minister […]

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NEW TEAM LEADING THE PANAMA MARITIME AUTHORITY SETS PRIORITIES

Panama’s new President Laurentino Cortizo has sworn in his cabinet and with it a new team for the Panama Maritime Authority (AMP) that oversees the maritime sector and the world’s largest Ship Registry. Noriel Arauz, a naval architect, will be the AMP Administrator and Minister of maritime affairs. Arauz is praised for good technical knowledge […]

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GENERAL SECRETARY OF THE IMO CONGRATULATES THE RECENTLY APPOINTED MINISTER FOR MARITIME AFFAIRS OF THE REPUBLIC OF PANAMA

“I want to send my most sincere congratulations and best wishes for success in the performance of his new responsibilities as Minister for Maritime Affairs and Administrator of the Panama Maritime Authority, to Eng. Noriel Araúz. I look forward in meeting you in the near future”, expressed the General Secretary of the International Maritime Organization […]

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Audit of the European Maritime Safety Agency (EMSA)

From February 4 to February 15, 2019 a Recognition Audit is being performed on the Panama Maritime Authority by the European Maritime Safety Agency (EMSA), complying with the amended Board of Directors of the European Union No.2008/106/EC, and the International Formation Convention, Titling of the Seafarer’s Guard, amended (STCW’78 amended), with the objective of having […]

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PANAMANIAN NAVAL FINANCING LAW

Law 50, known as Naval Financing Law, was published on June 28th, 2017 on the Official Gazette. Its objective is to create an attractive investment environment for the entities providing naval financing, to settle in Panama, and start executing such activity from our soil. On top of easing the conditions for the granting of ship […]

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OECD DECLARES AS NON-HARMFUL THE PANAMANIAN SHIP REGISTRY

The Organization Economic Co-operation and Development (OECD), declares as “Non-harmful” the Panamanian Ship Registry, which is the actual leader registry with more than 8 thousand flagged ships, representing approximately the 18% of the maritime world fleet, during the 47th Session of the Forum on Harmful Tax Practices (FHTP), held at its headquarters in Paris (France). […]

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