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Why is the Panama flag so popular among shipowners?Cutting costs with a flag of convenience According to Alexander Proelss, a professor of International Maritime Law at the University of Hamburg, "Panama is a typical flag-of-convenience state." He ...
A demonstrator waves the Panama flag outside the residence of the U.S. ambassador in Panama during a rally against the inauguration of Donald Trump. (arnulfo franco/Agence France-Presse/Getty ...
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