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News Business & Realty, Corp.

PANAMA LEADER IN FLAG OF VESSELS

According to official figures from the Panamanian Merchant Marine, they indicate that the country has 12.697 registered ships of all types, for a gross tonnage of 208,364,050 and a net tonnage of 109,832,468.

These figures support the confidence of the world market on the Panamanian economy, as a recent example, one can mention the boat ¨Brazil Maru¨ by the Japanese company Mitsui Engineering and Shipbuilding Co., Ltd. and is considered the largest vessel in its class transport minerals in bulk, with more than 327,000 tonnes of cargo capacity, was registered as Panamanian flag.

This demonstrates the confidence and safety of a Japanese company in the quality of service of the Maritime Authority of Panama.

Flag figures in 2008 in Panama

COUNTRY

SHIPS

GROSS TONNES

Japan

2,437

85,187,473

Greece

663

14,084,209

Republic of Korea

422

13,318,578

China

614

11,820,786

Taiwan

361

9,018,341

Singapore

284

5,980,618

Hong Kong

348

7,688,046

Switzerland

156

7,256,041

Germany

45

2,930,741

United Arab Emirates

328

2,082,564

Others

2,501

20,651,157

TOTAL

8,159

180,018,554

SOURCE: MERCHANT MARINE

 

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