Panamanian President José Raúl Mulino met with over 40 representatives from Japanese shipping companies.
In this meeting, he laid out his new Panama ship registry strategy aimed at upholding its global leadership through improved safety standards and offering fully digitalised processes.
He said that Panama’s registry is strengthening its position as the flag of the future, propelled by new policies aimed at maritime safety, efficiency and protecting the environment.
In this plan, Japan’s role is important since 7 out of 10 Japanese shipowners fly the Panamanian Flag and 41% of its tonnage is registered under Panama.
For Panama, positioning itself as Japan’s preferred registry is important as 66% of new shipbuilding comes from the Japanese market.
President Mulino also said that, unlike other ship registries, Panama’s Flag is not just a franchise but a national emblem backed by the weight of the state.
He also revealed plans to modernise the registry and bring the entire maritime activities under the National Maritime Strategy.
His administration
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