Panama says sunken Iranian tanker had papers in order
Fernando Solorzano
Fernando Solorzano   head of Panamaâs Merchant Marine  told Reuters there was no initial sign that the stricken ship was in breach of any security protocols.  He  added  though  that investigations could take months or even years to conclude.
âIt had all the valid technical certificates on board and the financial guarantees required under international agreements â  Solorzano  said in an interview late on Thursday.
An international team of experts from China  Iran  Hong Kong and the crewâs home countries would be analyzing the voyage data recorder  a device that monitors the vesselâs progress  to determine the cause of the collision   he  added.
 Solorzano  said all vessels sailing under the flag had to comply with strict requirements.  He  conceded the event could adversely affect the image of the registry because it is known for having a low rate of incidents.
 [TGT] told Reuters there was no initial sign that the stricken ship was in breach of any security protocols.   [TGT]   added  though  that investigations could take months or even years to conclude.
âIt had all the valid technical certificates on board and the financial guarantees required under international agreements â   [TGT] said in an interview late on Thursday.
An international team of experts from China  Iran  Hong Kong and the crewâs home countries would be analyzing the voyage data recorder  a device that monitors the vesselâs progress  to determine the cause of the collision    [TGT]   added.
  [TGT] said all vessels sailing under the flag had to comply with strict requirements.   [TGT]   conceded the event could adversely affect the image of the registry because  [TGT]  is known for having a low rate of incidents.