PANAMA CITY (Reuters) - Panama will withdraw its flag from more vessels that violate sanctions and international legislation, the country's maritime authority told Reuters, following the removal of about 60 ships linked to Iran and Syria from the Panamanian registry in recent months.
After the re-imposition of sanctions on Iran by Washington in 2018, Panama's former president Juan Carlos Varela gave the green light to remove a fleet of 59 tankers from the country's registry, according to two sources close to the decision.