The Panama Maritime Authority (PMA) has officially deregistered 107 Panamanian-flagged vessels listed under international sanctions, with an additional 18 currently undergoing the deregistration process.The deregistered vessels had been identified for compliance concerns or were listed on sanctions list issued by the US Office of Foreign Assets Control (OFAC), the EU and the UK.
The Panama Maritime Authority has initiated the expedited cancellation of six Panamanian vessels included in the UK Sanctions List – Consolidated List of Financial Sanctions Targets in the UK.The six ships were added to the UK list on November 25.“The State has the responsibility to guarantee the well-being of the Panamanian Registry
At a recent seminar in London organized by the International Underwriting Association of London (IUA) and the Association of Average Adjusters (AAA), participants heard how ignoring or not fully understanding the concept of General Average (GA) when concluding charter-party contracts for offshore services could cause problems in the event of an incident or accident.
American Commercial Barge Line (ACBL) and C&C Marine and Repair have christened the M/V ACBL Mariner, said to be the most powerful and capable towboat ever built for operations on the Mississippi River.The christening ceremony took place in New Orleans in the presence of Louisiana Governor Jeff Landry.The ACBL Mariner boasts 11,000 horsepower, and can push up to 64 barges up the river at one time.
The Indian government will offload a stake of about 5% in shipbuilder Cochin Shipyard COCH.NS, an exchange filing showed on Tuesday.The floor price for the sale is 1,540 rupees, an 8% discount to the stock's Tuesday close, the filing showed. At this price, the stake is valued at 20.26 billion rupees ($241.2 million).The base size of the offer will be 2.5%, amounting to about 6.
Brazilian port terminal group Amport said on Thursday that grains transport through the Tapajos waterway has come to a halt as a severe drought hit northern Brazil and lowered the river's water levels.Tapajos, which links Brazil's central and north regions, is a key corridor to transport grains from agricultural heartlands in states, including Mato Grosso, Brazil's top soy producer
Land access to a vital supply port in the Haitian capital of Port-au-Prince is being closed off after attacks by armed gangs, operator Caribbean Port Services (CPS) said on Thursday."CPS will shut its barriers to all types of land-based traffic from Sept. 26 to Sept. 29," it said in a statement, saying that the suspension should allow the army and national police to secure the area.
The IMO is celebrating World Maritime Day on 26 September by highlighting the importance of safety at sea in an era of significant transformations and new risks and 50 years since the adoption of the International Convention for the Safety of Life at Sea (SOLAS).SOLAS was first adopted in 1914, in response to the Titanic disaster.
The U.S. Justice Department on Wednesday filed a civil claim seeking $103 million from the two Singaporean companies that owned and operated the container ship that in March toppled the Francis Scott Key Bridge in Baltimore, killing six people and paralyzing a major transportation artery for the U.S. Northeast.
Italian state-controlled shipbuilding giant Fincantieri announced public finance expert Biagio Mazzotta has been appointed as chairman of its board of directors. The move follows the untimely death of General Claudio Graziano, who had been appointed in May 2022.Mazzotta's appointment comes at the recommendation of shareholder CDP Equity S.p.A.
The National Transportation Safety Board said on Monday it is inspecting key electrical components that were removed from the cargo ship Dali that crashed into a Maryland bridge in March, killing six people and destroying the Patapsco River crossing.In May, the NTSB said the Dali lost electrical power several times before the crash into the Francis Scott Key Bridge
Howden has started offering war risk cargo insurance to cover vessels sailing through the Red Sea against drone and missile attacks as geopolitical tensions escalate in the region, the UK-based insurance broker told Reuters on Tuesday.The cost of insuring a seven-day Red Sea voyage has risen by hundreds of thousands of dollars since Yemen's Iran-aligned Houthis began attacking shipping in the