Container capacity is being withdrawn in a battle to push up rates on the transpacific trade. More shipping lines have axed Asia-North America services.
MSC, Maersk Line and CMA CGM announced they had cancelled their annual Jaguar service this year.
The joint peak-season extra service between Shanghai, Ningbo, Los Angeles and Shanghai, operated by five Maersk vessels with an average size of 6,500teu, was due to be launched at the end of May and had [...]
By Juan Rafael Cortés Dean
The Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) confirmed the acceptance of an offer of Panama to host two meetings preparatory to the XV11 Session of the Conference of the Parties to the UNFCCC (COP-17).
This meeting will be held in Durban, South Africa between November and December 2011. The meetings in Panama will be held from October 1 to 7.
The week before these [...]
The airline Avianca-TACA has inaugurated new direct connections from El Salvador and Costa Rica and frequencies from Lima, Peru, to Cuba.
As of August 6, Taca Airlines began operating a direct flight between Havana and El Salvador three times a week with a 120-passenger A319 aircraft.
Danilo Correa, AviancaTaca Regional Sales Director for Mexico, Central America and the Caribbean, said: “This new flight will strengthen tourism and trade relations between the two countries and allows [...]
CANAL’S 97th BIRTHDAY
With over one million ship transits and contributions to the State in excess of $6 billion, in 12 years of Panamanian administration the Panama Canal has reached 97 years of operations. Just three years before it reaches a century of continuous operation, its expansion has been 28% completed. The works will be finished in 2014.
CANAL BOSS SPEAKS OUT
“The law should not be touched. I think the law is clear and [...]
Pirate attacks off the coast of Somalia and in the Indian Ocean region rose dramatically over the first six months of this year. There have been more attacks than ever on ships, with the first armed raids in monsoon weather.
According to figures of the International Maritime Bureau (IMB), there were 266 attacks on vessels in the period, compared with 196 last year.
More than 60% were by Somali pirates, the majority of which were [...]