Panama flag caught in US-China crossfire
AI Summary
The Panama Ship Registry is experiencing a decline amid escalating geopolitical tensions between the US and China, leading shipowners to abandon the Panama flag. According to Clarksons Research, the Panama flag has shrunk by 3.3% this year, reflecting the broader impact of geopolitical disputes on global shipping.
The Panama Ship Registry is paying the price for a geopolitical dispute far beyond its control, with shipowners abandoning the flag as tensions between Washington and Beijing spill over into global shipping. Clarksons Research data shows the Panama flag has shrunk by 3.3% so far this year, making it one of the biggest losers among …