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.
President Donald Trump once again withdrew the United States from the Paris climate deal on Monday, removing the world's biggest historic emitter from global efforts to fight climate change for the second time in a decade.The move places the United States alongside Iran, Libya and Yemen as the only countries in the world outside the 2015 pact
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.
At one of the world's biggest bulk export ports in Western Australia, shippers safely completed the first transfer of ammonia from one vessel to another last month, a key test for its adoption as a marine fuel in the push for cleaner energy.The first cargo ships powered by ammonia are set to enter service in 2026
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.
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. Navy on Friday announced it has placed a $6.75 billion order with San Diego shipbuilder General Dynamics NASSCO for up to eight John Lewis Class (TAO-205) Fleet Replenishment Oilers. The ships are scheduled for delivery through January 2035.The Navy, which has been looking for ways to reduce costs and increase efficiency across its shipbuilding and repair programs
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.
On June 25, the International Day of the Seafarer, IMO Secretary-General Arsenio Dominguez pays tribute to the two million seafarers who keep global markets functioning and supply chains going.In a video message to seafarers, Dominguez said: “Seafarers have been sorely tested in recent years – facing hostile acts from piracy or in conflict zones.
Yemen's Houthis on Friday said they targeted two vessels in the Red Sea with drones and missiles, but there was no independent confirmation of the purported attacks.The group targeted the Elbella and AAL Genoa vessels with "a number of drones and ballistic and naval missiles", the Iran-aligned group's military spokesman Yahya Saree said in a televised speech.