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Panama Flag — Maritime Risk Profile

ISO PA · Grey List (elevated)

Standard PSC regime

Port State Control performance

Paris MoU →
Grey List (elevated)
4.2% 3-year detention rate
Tokyo MoU →
Grey List (elevated)
3.8% 3-year detention rate

The Panama flag holds Grey List (elevated) placement across the two largest port state control regimes. Detention rates reflect the percentage of PA-flagged vessels detained out of all inspections at member-state ports over the most recent three-year window. Grey-list flags face elevated PSC scrutiny relative to white-list registries; detention rates are typically 2-3× the best-performing flags.

Sanctioned vessels under Panama flag

10 vessels in ArcNautical's screening index currently fly the Panama flag and appear on at least one sanctions or watch list (OFAC SDN, EU, UN, UK, Belgium FOD, or RUSI DPRK reports).

Vessel nameIMOPrograms
Amber 6 9235713 ch, ofac
ANIKA 9417464 ua_war_sanctions, ofac
APATE 9433016 ua_war_sanctions, ofac
Aquatica 9299769 ch, ofac
BELLARIS 9332614 ua_war_sanctions, ofac
Captain Kostichev 9301392 ch, ofac
Christophe de Margerie 9737187 ch, ofac
Corum 9544281 ch, ofac
Crius 9251274 ch, ofac
Fjord Seal 9513139 ch, ofac

Country sanctions exposure

Panama (PA) is not subject to comprehensive country-level sanctions programs. Vessels flying this flag are screened individually against OFAC SDN, EU consolidated, UN Security Council, and UK HMT/OFSI sanctions lists.

Related flags

Other flag states with similar Paris/Tokyo MoU placement: