In 2020, some 9,596 vessels sailed under the flag of Panama. Considering there were around 56,000 ships in the world's merchant fleet, roughly 17 percent of all merchant ships sailed under Panama’s flag.
Number of vessels in fleets worldwide as of November 2020, by major country
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Lloyd's List. (December 3, 2020). Number of vessels in fleets worldwide as of November 2020, by major country [Graph]. In Statista. Retrieved May 20, 2022, from https://www.statista.com/statistics/264025/number-of-merchant-ships-worldwide-by-merchant-flag/
Lloyd's List. "Number of vessels in fleets worldwide as of November 2020, by major country ." Chart. December 3, 2020. Statista. Accessed May 20, 2022. https://www.statista.com/statistics/264025/number-of-merchant-ships-worldwide-by-merchant-flag/
Lloyd's List. (2020). Number of vessels in fleets worldwide as of November 2020, by major country . Statista. Statista Inc.. Accessed: May 20, 2022. https://www.statista.com/statistics/264025/number-of-merchant-ships-worldwide-by-merchant-flag/
Lloyd's List. "Number of Vessels in Fleets Worldwide as of November 2020, by Major Country ." Statista, Statista Inc., 3 Dec 2020, https://www.statista.com/statistics/264025/number-of-merchant-ships-worldwide-by-merchant-flag/
Lloyd's List, Number of vessels in fleets worldwide as of November 2020, by major country Statista, https://www.statista.com/statistics/264025/number-of-merchant-ships-worldwide-by-merchant-flag/ (last visited May 20, 2022)