PANAMA Trends and Developments Contributed by: Belisario Porras, Patton Moreno & Asvat
lish more expeditious procedures to cancel the regis - tration of ships that infringe, pollute or have negative precedents, as well as provide an enhanced monitor - ing of the fleet and its data of Panamanian registered ships. Panama has removed more than 650 ships from its registry since 2019 as part of efforts to enforce west - ern sanctions. Conclusions and Challenges Ahead Several challenges lie ahead for the maritime sector in Panama for 2026.
The main priority should be the approval of the main reforms of Law 57 of 6 August 2008 and the new Mari - time Corporations Law, which are still under revision and should be filed with the National Assembly as offi - cial bills. If approved, these bills would help Panama maintain its leadership and competitiveness among the world’s ship registries. Another public priority is the completion of the Rio Indio project as a guarantee of the Canal’s operations and the provision of water for the entire population. The possible reopening of the Cobre Panamá mine is also of upmost importance as it would help revamp Panama’s economy and industrial capacity.
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