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Alfonso Castillero is chief executive officer at the Liberian International Ship and Corporate Registry, which has followed a growth strategy. Photo: LISCR

Liberia overtakes Panama as world’s largest flag state in tonnage terms

Growth strategy over recent years has paid off for the Liberia Registry

27 July 2023 7:17 GMT Updated 28 July 2023 6:08 GMT

By Adam Corbett

in London

Panama’s long-standing reign as shipping’s largest flag state has come to an end.

The fast-expanding Liberian Registry has finally passed the South American flag state on the all-important gross tonnage terms, according to the latest monthly figures in broker Clarksons World Fleet Monitor.