Panamanian registry of merchant ships is a handy thing for shippers and seamen who want to make big money breaking embargoesor trading with the enemy. In 1925, Panama passed a law permitting foreign shipowners to switch their ships to Panamanian nationality by registering at any Panama consulate for a small tonnage fee. When the 1939 U.S. Neutrality Act forbade U.S. ships to enter war zones, some U.S. lines made use of these handy facilities. After the war, more switched to Panama because they could save money by employing non-union labor under Panamanian registry. How many U.S. ships flying Panama's red, white,...
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