Panama makes progress towards ballast ratification
Despite protesting earlier this year about the monthly recount of the percentage of the world fleet covered by ratifying states of the 2004 Ballast Water Convention, Panama itself may yet ratify the convention this year. After passing its third reading in the country’s National Assembly this month, the act confirming Panama’s ratification now needs the signature of the president for it to be incorporated into national law after which ratification documents can be deposited at the IMO. The latest development appears to put Panama in the same position as Finland and it is difficult to see how the convention’s trigger point will not be reached before the end of this year. The likely stage for depositing the ratifications will be MEPC 70 which takes place in October this year.