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flag Panama bans oil tankers and older ships from its registry to enhance safety and meet international standards.

flag Panama is closing its ship registry to oil tankers and bulk carriers over 15 years old, aiming to improve operational performance and reduce detention risks. flag This move follows pressure from governments and sanctions over the country's association with vessels involved in sanctioned trades. flag Since 2019, Panama has removed over 650 ships from its registry, the world's largest with over 8,500 vessels. flag The country will also conduct quarterly inspections and verify safety systems to comply with international standards.

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