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The modification of two Maersk shipping routes to pass through the Suez Canal rather than Panama is temporary, says a Maersk spokesman. The diversion from the Panama Canal to an alternate route has contributed to a decline in revenue for the canal administration, The Maersk Line, has used the waterway for over 90 years to [...]  As part of the permanent dialogue with the shipping industry, a Panama Canal Authority (ACP) delegation headed by Administrator Jorge L. Quijano visited South Korea to hold discussions with the vehicle carrier market segment and obtain feedback on the future toll structure being developed by the ACP that will go in effect upon completion of [...] Developments in international trade and transportation will increase the amount of maritime tonnage that will sail through the Suez Canal. This article speculates on the possibility of linking multiple ships during the passage through the canal. Excerpts from Maritime Executive: As the volume of international trade grows, the volume of ship traffic or tonnage [...] Hanjin Shipping Company Ltd. will not be building a $300 million container shipping terminal at the Port of Jacksonville, Jacksonville Port Authority Interim CEO Roy Schleicher said Thursday morning. Weakness in the economy caused the project’s demise, not the 47-foot dredging depth planned for the St. Johns River shipping channel, which Jaxport voted to pursue [...] Maersk Line ‘M’-type ship transiting the Panama Canal. Fees for ships to go through the Panama Canal have tripled in the past five years to $450,000 per passage for a vessel carrying 4,500 containers. Image courtesy of Maersk Line. Maersk Line, the world’s biggest container shipping company, will stop plying through the Panama Canal [...] Two additional late-summer shipping routes across the Arctic Ocean could be possible by midcentury (2040-2059) due to less summer ice. The black line represents the existing shipping route; the red represents potential new routes. Source: Proceedings of the National Academy of Sciences The earliest that sea routes would be taken directly over the North [...] No injuries or environmental damage were immediately reported, although residents reported a smell of petroleum in the vicinity of a ship that appeared to have a ruptured hull. Panama, Mar 5: Powerful winds and waves caused by a cold front from North America on Monday grounded at least six ships on the Caribbean coast [...] Six years after the Panama Canal began a $5.25 billion expansion to capture shipments of Asian-made goods to the U.S. East Coast, the flow of liquefied natural gas in the opposite direction promises to be a better bet. Shipments of the fuel, along with rising commodity and energy cargoes between the U.S., Latin America and [...] The completion of the Panama Canal expansion may be delayed by at least another six months, according to Grantley Stephenson. The president of the Caribbean Shipping Association (CSA) said that the wider, deeper canal, which is expected to unlock huge potential in transshipment business for the region, will more likely become fully functional in 2016. [...] The world’s second-biggest shipping line is bolstering its presence at the Port of Long Beach with a major long-term leasing partnership that will double its stake in Long Beach, the head of the port announced Thursday. Mediterranean Shipping Co.’s partnership with Total Terminal International in Pier T is considered a major win for the Port [...] The Panama Canal, handling 5 percent of world trade, may change how it calculates tolls for ships carrying energy cargoes to boost traffic once a $5.25 billion expansion is complete in 2015. The authority is consulting canal users about the proposed changes, including meetings with associations representing owners of tankers and dry-cargo vessels in London [...] Georgia officials have been in a race with the Panama Canal Authority to complete their projects next year. Both groups are behind their original timetables. State Rep. Jay Roberts, chairman of the House Transportation Committee, said a tour for a multistate delegation of legislators he led recently left him optimistic about catching up to [...]
The changes are expected to become effective Feb. 25. Japanese carrier Mitsui O.S.K. Lines has announced changes to its APX service, which runs between North America and Europe, and CNY service, which travels between Asia and the U.S. East Coast and West Coast and Panama. All vessels will now call the Global Gateway South Container [...] November 2012 map showing maritime borders in dispute between Colombia and Nicaragua. Colombia has vehemently rejected a recent UN ruling that expanded Nicaragua’s boundary, and Colombian warships are reportedly sailing defiantly through Nicaragua’s newly acquired maritime territory. Nicaragua, the second poorest nation in the Western Hemisphere, has just inked a deal with a Chinese [...]
The Port of Long Beach has similar MoUs in place with several ports in China, Europe and Mexico. The Port of Long Beach (PoLB) and the Panama Canal Authority (ACP) have this week renewed an agreement to promote trade between Latin America and the US. The Memorandum of Understanding (MoU), first signed in December 2010, [...] |
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