China’s Panama-flag crackdown worries financiers and shipowners as detentions continue to rise
- Detentions of Panama-flagged ships at Chinese ports reach 42 in under two weeks, far exceeding historical norms
- Shipowners and financiers in China already begin reassessing exposure to world’s second-largest registry
- Concerns that a prolonged campaign could damage Panama’s standing in international PSC regimes
Panama’s grip on the world’s second-largest ship registry faces big test as Chinese pressure mounts
