28 AUG 2023 Restrictions on the draft of vessels and the number of daily transits at the Panama Canal appear to be the “new normal” for the operation. In interviews with Reuters and Agence France-Presse, Panama Canal Authority executives said they expect to maintain their current rules for at least …
Read More »TWO MISSING AS JAPANESE CARGO SHIP CAPSIZES IN COLLISION WITH CONTAINERSHIP
27 AUG 2023 A small Japanese interisland cargo ship capsized after colliding with a Greek-managed containership while transiting the busy Kii Channel in southeastern Japan. The Japanese Coast Guard is reporting that three crewmembers were rescued and transported to a hospital with non-life threatening injuries, while a search is ongoing for …
Read More »HAS THE WAR IN UKRAINE CHANGED THE ODDS OF A CROSS-STRAIT CONFLICT?
26 AUG 2023 U.S. defense strategists warn that China may use the distraction of the war in Ukraine to launch military action against Taiwan. They believe Chinese President Xi Jinping is determined to gain control over the breakaway province – which has been beyond Beijing’s control since the founding of the People’s …
Read More »ENGINEER’S LACK OF ABILITY LED TO DEADLY FIRE ON LPG CARRIER
25 AUG 2023 The UK’s Marine Accident Investigation Branch (MAIB) has released its final report on a fatal engine room fire aboard the LPG carrier Moritz Schulte in August 2020. The investigation was delayed by the pandemic, and the final publication followed three years to the month after the accident. …
Read More »MORE BLANKED SAILINGS AND RATE INCREASES FOR TRANSATLANTIC SHIPPING
24 AUG 2023 Container spot rates on the transatlantic came under renewed pressure this week, obliging ocean carriers to cut supply on the route by blanking more sailings. Moreover, in an attempt to reverse the trend and a new wave of rate erosion on the tradelane, carriers have announced FAK …
Read More »IRANIAN TANKER SEIZED BY US BEGINS UNLOADING
23 AUG 2023 A cargo of Iranian crude oil that was seized by the United States was unloading on Sunday after waiting two-and-a-half months off the coast of Texas to discharge, ship tracking data showed. Suez Rajan, a Marshall Islands-flagged tanker, has been anchored off Galveston, about 50 miles (80 km) outside of …
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