She may have been operated under the Panamanian flag.
For example, Panamanian flags were allowed to be flown with American ones.
When America entered the war, these ships were seized and registered under the Panamanian flag.
The Americans used to be so arrogant that they refused even to allow the Panamanian flag to fly.
The company's other three ships operated under the Panamanian flag.
It will fly a Panamanian flag, because the two countries have no diplomatic relations.
A large tanker flying the Panamanian flag steamed by no more than a mile away.
At several points demonstrators stormed into the zone, planting Panamanian flags.
By moving their ships to the Panamanian flag, owners could avoid providing these protections.
The club's colors are the three colors of the Panamanian flag: red, white and blue.
