| Name | Build year | Nationality | Bilde | Loss during WW2 |
|---|---|---|---|---|
| M/T Panam | 1925 | Panama | Torpedoed, 1943-5-4 | |
| D/S Panamanian | 1904 | Panama | ||
| D/S Panchito | 1910 | Panama | ||
| D/S Pegasus | 1939 | Panama | ||
| M/T Penelope | 1925 | Panama | Torpedoed, 1942-3-14 | |
| Penelopi | 1919 | Panama | ||
| M/T Permian | 1931 | Panama | ||
| M/T Persephone | 1925 | Panama | Torpedoed, 1942-5-25 | |
| M/T Peter Hurll | 1930 | Panama | ||
| M/S Philae | 1941 | Panama | ||
| M/T Phoebus | 1923 | Panama | ||
| D/S Pillory | 1933 | Panama | Torpedoed, 1944-6-5 | |
| D/S Plaudit | 1913 | Panama | Torpedoed, 1942-11-8 | |
| D/T Polonaise | 1921 | Panama | ||
| D/S Pompoon | 1901 | Panama | Torpedoed, 1943-11-13 | |
| M/S Pontiac | 1937 | Panama | 1945-1-30 | |
| D/S Portland | 1919 | Panama | ||
| D/S Potomac | 1906 | Panama | ||
| T/S Potter | 1920 | Panama | ||
| M/T Prometheus | 1923 | Panama | ||
| D/S Puchero | 1902 | Panama | ||
| D/S Raceland | 1910 | Panama | Attacked from air, 1942-3-28 | |
| D/S Ramapo | 1924 | Panama | Torpedoed, 1942-2-16 | |
| T/S Ramona | 1920 | Panama | ||
| D/S Reigh Count | 1907 | Panama | Collision, 1943-6-5 |