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        <description>Barbados

The Galaxy, the Liberty and the Rigel, all of which moved barrels for Moscow this year, have switched to sail under the flag of Barbados, one of the world’s more-reputable vessel-registration nations, industry data show. The Barbados Maritime Ship Registry is based at the country’s High Commission in London, which has diplomatic immunity.</description>
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        <description>Liberia

world&#039;s largest shipping registry

The Liberian Register — under whose flag 16% of the world’s ships by capacity sail — said in a circular that it no longer authorizes Moscow-based Ingosstrakh to issue so-called blue cards.

Favorable Regulatory Environment:</description>
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        <description>sanctions

Palau

A database maintained by S&amp;P Global doesn’t list the country where either vessel is registered. Records compiled by the maritime intelligence firm Pole Star Global show they’ve both used flags from Palau, a Pacific island that, as a ship registry, is on an</description>
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With 8,773 vessels and 248.8 million gross registered tonnes, Panama’s ship registry ranks as the world’s largest by vessel count. The registry accounts for 15% of the world’s merchant fleet tonnage, highlighting its significant role in global shipping.</description>
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