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International Maritime
Panama flag Ejects Six Tankers Linked To UK Sanctions List.
The Panama Maritime Authority (AMP) said it is cancelling the registration of six vessels under its flag which were among those added to the UK sanctions list on November 25, utilising new mechanisms introduced in October.
A…
Maersk Signs Deal With China, Korea For 20 Brand New Ships
Danish shipping giant,Maersk has signed agreements for 20 newbuildings, totalling 300,000 TEUs in capacity, with yards in China and South Korea for delivery in 2028-2030.
The new Maersk ships will replace older tonnage and will…
ITF Says 70% Of Aviation Female Workers Regularly Experience Verbal Abuse At Work, Lobbies Govt To Ratify C – 190
The International Transport Workers Federation (ITF) has launched report ‘Make Work Safe: Eliminating Violence and Harassment Against Aviation Workers’ which found that 70% of aviation female workers regularly experience verbal…
Container Line Profits Rose Again Q3 2024 With $26.8bn
Container lines reported net profits totalling $26.8bn in the third quarter of 2024, according to analysis by John D McCown, the third quarter of exponential growth for the sector.
The third quarter result was a 164% increase…
ICTSI, Maersk In Legal Tussles Over Durban Terminal Concession Award In South Africa
Filipino billionaire businessman Enrique Razon has taken Maersk /APM Terminals to task over attempt to legally overturn an award to run a container terminal in Durban.
The majority of Razon's wealth is derived from his stake…
ICTSI Global Container Volumes Up 2%
International Container Terminal Services, Inc. (ICTSI) has recorded a 2% increase in container throughput to 9.6 million Twenty foot Equivalent Units (TEUs for the first nine months of 2024.
While volume growth was relatively…
DAY 2: Dockworkers Ground Port Operations At Canada Seaports, Vessels Stranded At West Coast
Dockworkers in Canada seaports of British Columbia started at 4:30pm (PT) on 4 November, including the major container gateways of Vancouver and Prince Rupert has entered day two.
The lockout by members of the BC…
MOL Russian LNG Charters Hit Sanctions Trouble
Japanese shipowner Mitsui OSK Lines (MOL) is being forced to renegotiate charters for four tankers that are part of its Russian business as sanctions tighten.
MOL said it needed to renegotiate the charters for three LNG…
Panama issues Decree For Immediate Cancellation Of Sanctioned Vessels
Panama President Jose Raul Molino has issued an executive decree allowing the Panama Ship Registry to cancel any vessel in all lists related to the dark fleet.
The move comes two days before the President travels to…
Panama Canal Faces Severe Drought, As Ships Transit Drop 29%
The severe drought suffered by the Panama Canal has resulted in a sharp drop in transits for the Fiscal Year ended 30 September 2024.
The Panama Canal Authority (ACP) reported a 29% drop in the number of transits during Fiscal…