There has to be somepede out there with some MonkeyWerx level shipping intel. Can we get some information flowing while we watch the water?
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It's called a "flag of convenience". Panama is a big one, along with the Bahamas and Liberia. A lot or shipping regulations are determined by a ships port of registry and some will let you register and just do whatever the fuck you want for a (affordable) price.
Standard issue shady shipping stuff, not a big deal in itself.
Agreed. Panama is a common flag for shady ships of all kinds.