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.
When President Donald Trump sat down to lunch with his Japanese counterpart this month, talk turned quickly to how Tokyo could help realize a decades-old proposal to unlock gas in Alaska and ship it to U.S. allies in Asia.Trump and his energy tsar Doug Burgum framed the venture as a way for Japan to replace Middle East energy shipments and address its trade imbalance with the U.S.
In what should be a surprise to no one, the Chinese maritime industry continued its dominance in 2024, with the nation’s vessel orderbook surpassing $123 billion. Data from VesselsValue reveals a strong year for both Chinese shipowners and shipbuilders, with significant investments across various vessel sectors.
In recent weeks the U.S. Supreme Court has fundamentally changed the ways that laws are interpreted and enforced by federal agencies. These decisions will have far-reaching impacts on heavily-regulated sectors, such as the U.S. maritime industry, potentially altering the balance of power between stakeholders and federal regulators.
Greek authorities confiscated more than 109 kg (240 pounds) of cocaine hidden in a container with frozen squid aboard a vessel inspected at the port of Piraeus, police sources said on Tuesday.The container was shipped from Peru and its destination was Croatia, one of the officials said.
In 2018, convicted cocaine trafficker Slobodan Kostovski fled a Brazilian prison and made his way back to Europe with a fake passport.The Serbian senior quickly fell into old habits, police allege. Last August, Kostovski was arrested in Belgrade, accused of shipping 2.7 metric tonnes of cocaine from Brazil aboard a 22-meter vessel apprehended near Spain’s Canary Islands.
Increasingly, maritime finance is tied to the environmental impact of the asset or project.Under Zero-Emission Accelerating Ship Finance (the Program), which is jointly operated by the Development Bank of Japan Inc. (DBJ) and ClassNK, ClassNK evaluated the LNG-fueled car carrier OCEANUS HIGHWAY (IMO No. 1046049), owned by Kawasaki Kisen Kaisha, Ltd. ("K" LINE). DBJ provided financing to "K" LINE.
The Round Table of International Shipping Associations - which consists of BIMCO, the International Chamber of Shipping (ICS), INTERTANKO, and INTERCARGO - has called for the increase in the awareness of seafarer safety, rights, and treatment outside of the shipping industry.The chairpersons of the world’s biggest shipping industry organizations gathered on February 6 in Athens to discuss topics
Veson Nautical, a provider of maritime commercial management and trading software solutions, has reported that the Chinese newbuilding vessel orderbook has topped $123 billion in 2024, with container ships making around 38% of total vessel orders.Using VesselsValue data, Veson Nautical has summarized the Chinese orderbook by top Chinese ordering companies and insight into the ships currently
The Federal Maritime Commission is closing one of its two investigations of how Canadian ballast water regulations impact shipping in the Great Lakes, but the remaining investigation will continue to permit the agency to assess if Canadian government policies create unfavorable conditions affecting U.S. flagged vessels operating in the U.S.-Canada trade.
Crowley on Tuesday christened its new vessel, eWolf, the first all-electric ship assist tugboat in the United States.Set to enter commercial service at the Port of San Diego this week, the 82-foot tug was built by Coden, Ala. shipbuilder Master Boat Builders and designed by Crowley’s engineering services team to operate on full electric power
Danish offshore wind installation firm Cadeler has signed an installation vessel reservation agreement with an undisclosed client, valued up to $760 million, for upcoming wind farm installation projects.If all options are exercised during the four-year agreement, it would represent the largest deal in Cadeler's history