Shipping

Study considers Panama Canal tug safety

Seguridad de los barcos remolcadores fue revisada por TMG.

Tug operations were put under scrutiny by an article published in the Maritime Journal and written by Peter Barker. For many months the tug boats captains have complained about the working conditions and other problems related to the safety of the vessels crossing the Panama Canal.

An A-list team of international experts led by The Maritime Group International (TMG) has delivered a review of tug operations in the newly expanded Panama Canal.

The canal’s capacity […]

MOL and China Cosco Shipping to be co-owners of four LNG tankers

MOL has announced that China COSCO Shipping will participate in the subsidiary of its property that will own four LNG tankers providing services to the Russia Yamal LNG project.

Total ownership will be divided equally between MOL and China COSCO Shipping.

It should be noted that MOL has already signed long-term charter contracts for the four ships through its subsidiary.

This is the fourth joint LNG project involving MOL and China COSCO Shipping, which gives […]

Panama Canal recovers traffic

El tránsito de barcos por el Canal ha aumentado.

As of August 2017, 9,217 vessels crossed the Panama Canal, 6% more than last year, when traffic reached 8,693 vessels, according to the Statistics and Census Institute of the Comptroller’s Office.

The recent expansion of the third set of locks, inaugurated on June 26, 2016, impacted on this result.

So far this year, there has been an increase of 524 vessels that have crossed the Canal, that is, 6% higher, driven by the transit of […]

Hurricanes make operators review transshipment strategy

Los huracanes en el Caribe son una continua amenaza para las navieras.

The increasing force of hurricanes that have been hitting the Caribbean region, with severe impact on trade and operations in some of the major ports, have made large shipping companies to reexamine their hub strategies for cargo transshipment operations internationally. This was recently reported in Fairplay magazine, specializing in maritime affairs.

Under the headline, “How record-setting Hurricane Irma could impact shipping”, Fairplay’s chief editor, Greg Miller, warned that the most powerful hurricane ever recorded in […]

Panama ready to implement the Convention for the control of Ship’s Ballast Water

El Convenio Internacional para el Control y la Gestión del Agua de Lastre y los Sedimentos de los Buques protegerá el medio ambiente.

The International Convention for the Control and Management of Ships’ Ballast Water and Sediments, adopted in 2004 (BWM), comes into force on 8 September, and aims to prevent the spread of harmful aquatic organisms from one region to another, establishing standards and procedures for the management and control of ballast water and sediments of ships.

Accordingly, all ships engaged in international maritime transport must carry out their ballast and sediment water management in accordance with […]

Canal tolls approved by Cabinet

The new Panama Canal tariff were approved.

The new Panama Canal tariffs were approved in the Cabinet and now only waits to be published in the Official Gazette, it was confirmed by Panama Canal administrator Jorge Quijano.

Quijano said that after an in-depth analysis of the comments received from users and discussion with the Board, an adjustment was only made on the return days for the proposal of the container ships, increasing it from 25 to 28 days.

The original proposal for […]

CMA CGM on the verge of ordering nine 22,000 TEU ships

CMA CGM está aumentando su flota.

Despite a long period of sobriety by shipping companies in making new orders for large ships, the race seems to be starting again with news that CMA CGM is preparing to order nine units of 22,000 TEUs.

According to a report by Drewry, following the information provided by “Dayly Splash” and another by Lloyd’s List, the French shipping company is said to be in the last stages of negotiations to finalize six new orders, plus […]