Panama ship several ultra-low rates to attract a large sum of Sino-US vessels

International Transport Workers' Federation, said the number of Panamanian ship over China and the United States combined, reaching 8600. After the number of ships registered in Panama is Liberia, the Marshall Islands, China, Hong Kong and Singapore.

Reported that the Panamanian ship registration departments often been accused of bribery and failure to comply with safety standards, but there are many willing to hang the flag of Panama sailing, because Panama "flags of convenience" to protect the vessels to enjoy lower rates in most ports in the world.

On behalf of the workers union, told reporters his colleagues hit called "flags of convenience" has been 50 years. The main disadvantage of the vessel to provide "flags of convenience" countries easily registered a low duty evasion and non-compliance with safety standards.