Panama continues to be the leader in the world ship registry

The Maritime Administration of Panama (AMP) reported that the Panamanian Register of Ships continues its leading position worldwide 8,540 ships and 251.1 million gross registered tonnage (GRT), according to the international platform IHS Markit.

While in the last one World Fleet Monitor year of the platform Clarksons researchthe Panamanian flag flies on 16% of the ships that make up the world fleet.

According to data from the AMP database, during the past year, the Registry achieved a net growth of 83 ships which represent 7.2 million gross register tons (GRT) and maintained a retention of 29%.

On average, this administration maintained retention of 28%which represents progress compared to the average of the last 10 years, which was 14%.

As for the ships that entered the Panamanian fleet in 2023, it is noted that 56.7% of the ships are under 15 years old and that they had an average age of 4 years.

From this, 339 These are newly built ships with a total carrying capacity of more than 8.3 million GRT, with which the General Administration of the Merchant Marine achieves 93.75% compliance with its goal of attracting ships in this segment.

It is important to mention that last year the Register responsibly canceled 161 ships they represent 1,287,604 of BRT and an average age of 17 years. Within this group there are 78 vessels related to the problems of undeclared and unregulated fishing.

During this administration (July 2019 to date), the Registry has added 33 million GRT, according to Clarksons Research’s World Fleet Monitor report. Likewise, this report mentions the flag growth at the end of 2023 2.9 percent.