Sep 1, 2025 | Press Release, Registry News

The world’s largest merchant fleet is sailing a safer course. Over the past year, Panama’s registry has achieved a remarkable 23% reduction in maritime incidents—proof that the safety and control strategies rolled out by the Panama Maritime Authority (PMA) are delivering tangible results.

Between July 2024 and June 2025, 253 incidents were recorded, compared to 329 during the same period the previous year. That’s 76 fewer cases, clear evidence of the progress made in strengthening oversight of the fleet.

Behind the numbers lies Panama’s commitment to maritime safety and operational excellence. The Directorate General of Merchant Marine (DGMM) credits the decline to an aggressive push on awareness campaigns, a surge in Annual Safety Inspections (ASI), and the tightening of the Precheck system, which screens vessels for deficiencies before they are allowed to fly the Panamanian flag.

For DGMM Director Ramón Franco, these results speak louder than words:

“The 23% reduction in incidents across Panama’s merchant fleet confirms that our inspection, control, and safety strategies are working. Today, we offer a stronger, more reliable registry for shipowners and operators who choose our flag.”

He added that the Precheck has become “a strategic tool for ensuring a safer, more efficient, and more reliable fleet, in full compliance with international standards. Through these actions, Panama reaffirms its role as a competitive maritime hub—one that stands for safety, sustainability, and global leadership in merchant shipping.”

Supporting this effort, Panamanian consulates and technical offices worldwide have streamlined registration, permits, and operational oversight, reinforcing the nation’s leadership in risk prevention and environmental maritime protection.

With these measures in place, Panama is not only reducing incidents—it is raising the bar for what a global registry should represent: trust, safety, and resilience at sea.