Panama Maritime Authority to Cancel Registrations of 17 US-Sanctioned Ships

Panama's maritime authority (AMP) said on Monday it has launched a process to cancel the registrations of 17 vessels included in a list of sanctions from the U.S. Treasury's Office of Foreign Assets Control (OFAC).

"The AMP has tightened its control mechanisms to avoid the inclusion of unwanted actors under the Panamanian flag," it said in a statement, saying this followed the recent addition of a company, a Panamanian citizen and 17 vessels registered on Panama's ship registry on an OFAC sanctions list.

(Reuters)