10 JAN 2025 47 governments from all over the world, with shipping industry support, set out MARPOL Convention text for annual contribution by ships, per tonne of GHG emitted, to multi-billion-dollar International Maritime Organization (IMO) fund. New joint proposal aims to achieve net-zero goal by reducing price gap and incentivising …
Read More »MARTYRS’ DAY PROTEST: PANAMA REMINDS TRUMP ‘THE CANAL IS OURS’
09 JAN 2025 Hundreds of Panamanians marched on Thursday to mark the anniversary of a deadly uprising against U.S. control of the Panama Canal in 1964, with some protesters burning an effigy of President-elect Donald Trump who has threatened to retake the vital global waterway. More than 20 Panamanians, many …
Read More »TRUMP REFUSES TO RULE OUT MILITARY FORCE TO RETAKE PANAMA CANAL FROM ‘CHINA CONTROL’
07 JAN 2025 President-elect Donald Trump refused to rule out military force to retake control of the Panama Canal, while making unsubstantiated claims about Chinese control of the waterway. During a press conference at Mar-a-Lago, when directly questioned about potential military or economic coercion regarding both Greenland and the Panama …
Read More »UANI CALLS FOR NEW ENFORCEMENT METHODS AS IRAN’S OIL EXPORTS GROW
04 JAN 2025 The NGO United Against Nuclear Iran (UANI), which is at the forefront of tracking Iran’s dark tanker fleet and oil exports, is out with its year-end review citing continued dramatic growth in the dark tanker fleet supporting Iran’s oil exports. The group is calling for global cooperation …
Read More »HIN LEONG FRAUD SCANDAL WINDS TO A CLOSE WITH BANKRUPTCY FILING
03 JAN 2025 Singaporean oil trader OK Lim, once a leading player in the city’s busy bunker trading sector, has been declared bankrupt after consenting to a multibillion-dollar court judgment in favor of his former company’s creditors. Lim and his children – Evan Lim Chee Meng and Lim Huey Ching …
Read More »4 THINGS WE NEED TO CONSIDER BEFORE WE MINE OUR MOON
02 JAN 2025 By the end of this decade, nations and private companies may well be mining the surface of the Moon. But as space becomes accessible to more nations and corporations, we need to stop and ask ourselves what commercial activities we want to allow, including on the Moon. …
Read More »SHIPOWNER SEEKS RELEASE OF TANKER SEIZED IN FINLAND CABLE PROBE
01 JAN 2025 The owner of an oil tanker by Finland on suspicion of breaking an undersea power line and four telecoms cables in the Baltic Sea last week is seeking the release of the ship, a lawyer representing the company said on Monday. Finnish police and coast guard officials boarded the …
Read More »SUEZ CANAL EXPANDS TWO-WAY TRAFFIC AS PART OF MODERNIZATION EFFORT
31 DEC 2024 The Suez Canal Authority released images of a successful two-way traffic test in the southern part of the seaway. The Canal Authority is continuing to push forward with its efforts to improve navigation in the canal and capacity despite the year-long disruptions due to the Houthi attacks …
Read More »ESTONIAN FLAG OFFERS FAST SERVICE, LOW BUREAUCRACY
30 DEC 2024 In the spring of 2023, a cargo ship that had been sailing under the flag of Gibraltar was re-registered under the Estonian flag in a single day. The ease of the transition was the result of an effort begun in 2020 by the Estonian government. The country …
Read More »SHIFTING CARGOES: THE CONTAINER TRADE ADAPTS TO GEOPOLITICAL CHALLENGES
29 DEC 2024 New York Yankees’ great, Yogi Berra, once said, “You can learn a lot by watching.” And those watching the marine container cargo world have observed a lot in recent months. Security issues in the Red Sea. North American governments hitting China with new trade tariffs. The Panama …
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