Panama's merchant fleet, the world's largest in terms of number of vessels, recorded a 23% reduction in accidents last year, following the implementation of new control and safety strategies by the Panama Maritime Authority (AMP). Between July 2024 and June 2025, 253 incidents were recorded, compared to the 329 reported in the same period last year, equivalent to 76 fewer cases.
The result reflects Panama's commitment to maritime safety and operational excellence, two key factors in maintaining the trust of international shipowners and operators who choose its flag. The Directorate General of the Merchant Marine (DGMM) emphasized that the reduction is due to the intensification of concentrated campaigns, a significant increase in Annual Safety Inspections (ASI), and the strengthening of the Precheck system, a mechanism that allows for the screening of vessels with deficiencies before they are registered.
For Ramón Franco, Director of the DGMM, "the 23% reduction in accidents involving the Panamanian merchant fleet confirms that our inspection, control, and safety strategies are working. Today, we have a more robust and reliable record for shipowners and operators who choose our flag."
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"Precheck has established itself as a strategic tool to ensure a safer, more efficient, and more reliable fleet, in compliance with international standards. With these actions, Panama reaffirms its position as a competitive maritime hub, committed to safety, sustainability, and leadership in the global merchant marine," said Director Franco.
In addition, Panamanian consulates and technical offices of the registry are promoting more streamlined processes for flag registration, permit issuance, and operational oversight, maintaining the country's leadership in risk prevention and maritime environmental protection.
