Why is the Panama flag so popular among shipowners? DW 01/17/2025
Briefly

The Eventin and Jazz both have in common the fact that they were sailing under the Panama flag, which is favored for its lenient regulations, allowing easy registration.
Many shipping companies opt for the Panama flag to avoid restrictions and environmental regulations. Panama's open registry allows any entity to register a vessel, leading to its popularity.
As of Thursday, German authorities were not allowing the Eventin to continue its journey despite efforts to secure it alongside the Jazz, which resolved its engine issues.
There are about 190 vessels currently listed in Greenpeace's 'shadow fleet' that were previously sanctioned for transporting oil from Russia amid the international embargo.
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