Panama and Classification Societies Review Regulations to Align Strategies
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[By Panama Ship Registry]<\/p>\n
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The Panama Maritime Authority (PMA), through the Directorate General of Merchant Marine (DGMM), held a roundtable with the International Association of Recognized Organizations (IARO) to review, update, and align Panama\u2019s Ship Registry regulations with the demands of the global market.<\/p>\n
The meeting brought together PMA officials and leading classification societies within the IARO, marking a decisive step toward modernizing Panama\u2019s ship registration regime.<\/p>\n
\u201cWe must see the Panamanian Registry as a single team. It\u2019s not only the PMA\u2019s responsibility, maritime lawyers and Recognized Organizations must also drive projects and new measures to strengthen competitiveness,\u201d emphasized Ram\u00f3n Franco, Director General of Merchant Marine.<\/p>\n
For his part, IARO President Santiago Torrijos Oro highlighted that cooperation with the PMA will bolster Panama\u2019s flag on the international stage. \u201cThe measures may seem drastic, but they are necessary to remain one of the world\u2019s most prestigious flags,\u201d he stated.<\/p>\n
Discussions focused on key industry challenges, including maritime safety, environmental protection, and the need for a modern and transparent regulatory framework. These efforts aim to ensure that Panama maintains its global leadership while adapting to the evolving standards of the International Maritime Organization (IMO) and the growing demands of international trade.<\/p>\n
The IARO brings together classification societies recognized by the PMA to inspect and certify vessels, making their role vital in ensuring the continuous improvement of the Panamanian flag.<\/p>\n
Through this joint effort, Panama reaffirms its standing as a global leader in merchant shipping and strengthens international shipowners\u2019 confidence in its flag.\u00a0
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