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Threatened by environment change, Panama Canal has big strategies to handle dry spell

Posted to Maritime Reporter on December 2, 2024

in the face of an altering climate. Tres Hermanas, with its farms, two schools, churches and a. medical center, is among lots of towns that would disappear. in the next six years if the state-owned Panama Canal's. ambitious $1.6 billion job goes ahead. Locals are.

UK maritime agency reports that a vessel off the coast of Yemen reported a missile hitting nearby sea.

Posted to Maritime Reporter on November 18, 2024

The United Kingdom Maritime Trade Operations said that a vessel located 60 nautical miles south of Yemen's Aden reported a missile splashing in the water within its proximity on Monday. UKMTO said that both the vessel and crew were in safety.

UK maritime authority: Ship near Yemen reports missiles fell into Red Sea nearby

Posted to Maritime Reporter on November 17, 2024

The United Kingdom Maritime Trade Operations agency (UKMTO), which is responsible for coordinating the UKMTO's maritime trade operations, said that a ship traveling through the Red Sea, 25 nautical miles west from Al-Mukha in Yemen, reported…

Canada - Nov 15

Posted to Maritime Reporter on November 15, 2024

These are some of the most important stories in selected Canadian newspapers. These stories have not been verified and we cannot vouch for the accuracy of these stories. After the Canadian Union of Postal Workers and Canada Post failed to agree on a new collective contract…

Hapag-Lloyd CEO says Trump's election win is a mixed bag for shipping

Posted to Maritime Reporter on November 14, 2024

Hapag-Lloyd's CEO said that Donald Trump's election as U.S. president sends mixed signals to global shipping. Positive macroeconomic effects could be offset by damaging tariffs. When asked about the prospects of a Trump Administration, CEO Rolf Habben Jansen said…

Chief Executive says that the Panama Canal could double container transit.

Posted to Maritime Reporter on November 8, 2024

In the coming years, the Panama Canal Authority may double the number of containers moving through the important East-West waterway. The canal's head told a maritime convention on Friday. Chief Ricaurte Vazquez said at the Houston International…

Shipping stocks slide after US port strike ends

Posted to Maritime Reporter on October 3, 2024

Shipping shares fell across Asia Friday, after U.S. port operators and workers reached an agreement to end the strike at docks on the East Coast and Gulf Coast much sooner than expected. Evergreen Marine, Wan Hai Lines, and Yang Ming Marine…

White House encourages unions and employers to negotiate new port contract

Posted to Maritime Reporter on September 27, 2024

A White House official stated that the Biden administration is encouraging unions and employers to quickly and in good faith negotiate a new contract ahead of any possible strike on Tuesday at ports. The International Longshoremen's Association…

Agriculture groups call on White House to act ahead of possible port strike

Posted to Maritime Reporter on September 27, 2024

Nearly 200 agricultural organizations urged the White House on Friday morning to address U.S. agriculture supply chain issues, in light of a possible East and Gulf Coast ports strike that could start on Tuesday. According to the groups, there are "imminent and serious shipping disruptions"…

Agriculture groups ask White House to avoid East Coast port disruption

Posted to Maritime Reporter on September 25, 2024

On Wednesday, agriculture groups urged the White House take action to prevent a possible strike that could start on October 1 at U.S. East Coast and Gulf Coast ports. These ports handle about half of the nation's ocean imports. The American Farm Bureau Federation and other groups…

Canada - Aug 23

Posted to Maritime Reporter on August 23, 2024

These are some of the most important stories in selected Canadian newspapers. These stories have not been verified and we cannot vouch for the accuracy of these stories. The Teamsters union announced that workers at Canadian National Railway…

Canada - Aug 21

Posted to Maritime Reporter on August 21, 2024

These are some of the most important stories in selected Canadian newspapers. These stories have not been verified and we cannot vouch for the accuracy of these stories. Data released on Tuesday showed that Canada's annual rate of inflation slowed to a low of 2.5%, which was in line with forecasts.

Expeditors second-quarter earnings falls as Red Sea stress weigh

Posted to Maritime Reporter on August 6, 2024

system. Shares of the business were down about 5% in early trade. e-commerce need had actually strained its air market capability. Jeffrey Musser stated. enhancing market conditions. fell to $175 million or $1.24 per share, compared to $196.8. million or $1.30 per share a year earlier.

Houthi leader warns of a response to Israeli airstrikes in Yemen's Hodeidah

Posted to Maritime Reporter on July 25, 2024

In a Thursday televised address, the leader of the Iran-backed Houthi group said that a response to Israeli airstrikes in Yemen's Hodeidah was coming. A drone fired on a crowd near Yemen's Hodeidah port, killing nine and injuring 87 people, just a day after the Houthi attacked Tel Aviv…

UN representative to Yemen says the threat of Houthi to Red Sea shipping has grown.

Posted to Maritime Reporter on July 23, 2024

Hans Grundberg, the U.N.'s Special Envoy for Yemen, told the U.N. Security Council that recent developments in the Red Sea suggest the threat of international shipping by Yemen's Houthis has grown. Grundberg, in a briefing about the situation…

After being stopped by the coast guard, a fire-hit tanker enters Malaysia's terminal area

Posted to Maritime Reporter on July 23, 2024

Shipping data from LSEG & Kpler revealed that a tanker involved in a collision last week near Singapore entered the Bertam floating oil storage terminal area on Monday morning, after being intercepted on Sunday by local authorities. On Friday…

Early US back-to school sales by retailers hastens peak ocean shipping season

Posted to Maritime Reporter on July 23, 2024

Walmart, Target, and Shein retailers started back-to school sales early in order to prevent Amazon.com Prime Day from stealing U.S. sales for backpacks and computers. This helped advance the peak ocean-shipping season by two-months and increase already high freight rates.

CMA CGM, the shipping giant, signs AI agreement with Google

Posted to Maritime Reporter on July 23, 2024

The French shipping and logistic company CMA CGM announced Thursday that it has entered into a partnership agreement with Alphabet’s Google in order to accelerate the deployment of AI across all its global operations. CMA CGM strives to improve…

Sea drone alert in Russia's Black Sea port ends

Posted to Maritime Reporter on July 23, 2024

On Thursday morning, the mayor of Novorossiisk in Russia's Black Sea port issued a sea-drone alert that lasted more than two full hours. Meanwhile, a group unmanned Ukrainian boats were destroyed near Crimea. In his first message sent via Telegram…

Delivering companies respond to Houthi attacks in Red Sea

Posted to Maritime Reporter on July 22, 2024

European ports. Below are actions taken by some shipping business (in. The French shipping group has suspended most Red Sea trips. but is still sending out some cargoes on a case by case basis when. French navy escorts are possible, Chairman and CEO Rodolphe. Saade said on Feb. 29.
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