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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.

Sources say that India banks are examining Adani Group exposure following US charges

Posted to Maritime Reporter on November 28, 2024

Eight bankers claim that Indian lenders including State Bank of India are reviewing their exposure with Adani Group, and whether they should tighten up their due diligence before offering new loans, following the U.S. accusation of Gautam Adani, chairman of Adani Group.

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…

US East Coast and Gulf Coast ports employer: No significant progress made on contract issue

Posted to Maritime Reporter on November 13, 2024

This week, the union representing dockworkers on the East Coast and Gulf Coast and a group of employers conducted a second round of contract negotiations. However, they failed to make any significant progress in some key areas. The International…

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…

Canada - Nov 5

Posted to Maritime Reporter on November 5, 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 BC Maritime Employers Association has locked out all unionized supervisors in British Columbia ports.

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"…

Reports and sources confirm that at least four people have died after an oil barge sinks off Venezuela.

Posted to Maritime Reporter on September 26, 2024

According to sources and a report on the accident, at least four people are dead after an oil barge sank in Venezuela's Lake Maracaibo. The barge was operated by a contractor for the state-run PDVSA energy company. The report said that another…

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…

After a nationwide blackout, power is beginning to return to Venezuela

Posted to Maritime Reporter on August 30, 2024

On Friday afternoon, power began to be restored in some areas of Venezuela after the capital Caracas as well as much of the rest the country had been plunged into an earlier blackout. The government blamed the opposition for the blackout without providing any evidence.

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…

Freeport LNG, Texas, reopened on Thursday following its closure on Wednesday

Posted to Maritime Reporter on July 25, 2024

According to data provided by financial firm LSEG, and a filing made with Texas environmental regulators, the U.S. liquefied gas (LNG), company Freeport LNG is on track to resume service Thursday following a shutdown on Wednesday. Freeport is one the most watched U.S.
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