Panama and China talks lead to sharp drop in detentions of Panamanian-flagged vessels
Talks between officials from the Governments of Panama and China have delivered their first tangible results, achieving a significant reduction in the detention of Panamanian-flagged vessels at ports across mainland China.
According to Tokyo MOU statistics, the number of detained vessels has fallen dramatically from 140 in May to just 16 during July.
Detention rates continue to decline
The latest figures also show that only 10% of inspections carried out in July resulted in vessel detentions, compared with 21% in March, 35% in April, 37% in May, and 25% in June at ports in mainland China.
The downward trend comes as both countries continue negotiations on the renewal of the China–Panama Maritime Transport Agreement, where consensus has been reached on updating the agreement while maintaining a cooperative bilateral relationship in the maritime and port sectors.
Strengthening bilateral maritime cooperation
The Government of Panama has maintained an optimistic outlook regarding improved treatment of Panamanian-flagged ships, one of the world’s largest merchant fleets.
The recent decline in detention rates is viewed as evidence of a de-escalation in Port State Control detentions, reflecting the positive impact of ongoing cooperation between the maritime authorities of both countries.
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