A Panama flag flies on the stern of the Iranian oil tanker Grace 1 as it sits anchored after it was seized earlier this month by British Royal Marines off the coast of the British Mediterranean ...

Panama operates an open registry and any person or entity, regardless of nationality, is eligible to register a vessel under its flag. The number of registered ships is not restricted.

Earlier this month, Panama’s maritime authority said it would withdraw its flag from more vessels that violate sanctions and international legislation, following the removal of about 60 ships linked ...

Panama is canceling the registration of six ships sailing under its flag that were recently sanctioned by the United Kingdom, a boost for Western nations that have slapped sanctions on Moscow’s oil ...

A demonstrator waves the Panama flag outside the residence of the U.S. ambassador in Panama during a rally against the inauguration of Donald Trump. (arnulfo franco/Agence France-Presse/Getty ...

The Eventin and Jazz both have in common the fact that they were sailing under the Panama flag. Why is this South American country’s flag so popular? Easy ship registration procedure One possible ...

Cutting costs with a flag of convenience According to Alexander Proelss, a professor of International Maritime Law at the University of Hamburg, "Panama is a typical flag-of-convenience state." ...