PANAMA CITY : As droughts continue to deplete the Panama Canal’s water levels, the maritime trading hub’s operators are planning a workaround. On Wednesday, Panama officials announced a new Multimodal Dry Canal project that will begin
LONDON : “In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for EU tanker imports. Now, attacks on
COLOGNE : German Airline Lufthansa said on Wednesday it had suspended flights to Tehran due to the situation in the Middle East, which is on alert for possible Iranian retaliation for a suspected Israeli
WASHINGTON : United States forces have shot down an anti-ship ballistic missile that Houthi rebels allegedly fired at a Maersk ship in the Gulf of Aden. The US-flagged 2,500 TEU Maersk Yorktown was being
TOKYO : ClassNK has awarded an approval in principle (AiP) for a methanol fuel supply system developed by Mitsui E&S Shipbuilding Co., Ltd. Methanol is considered one of the promising alternative fuels for decarbonization, and
WASHINGTON : A third channel will open this month at Baltimore’s port after the Francis Scott Key Bridge collapse two weeks ago, and Maryland’s congressional delegation will sponsor legislation seeking federal aid to pay
SANAA : Israel for the first time used a seaborne missile defence system to shoot down a drone approaching from the Red Sea that had set off sirens in the port city of Eilat,
TOKYO : ClassNK has granted approval to the basic design drawings of a multi-purpose container carrier developed by Nippon Yusen Kabushiki Kaisha (NYK Line) utilizing 3D models. This milestone marks the world’s first ocean-going
SINGAPORE : PSA Singapore has been honoured with the Well being Innovation award at the 2024 WorkWell Leaders Awards – an annual event organised by Singapore-based charity WorkWell Leaders – which aims to recognise
NEW YORK : The United States (US) said it would consider revoking its recent label of Yemen’s Houthis as terrorists if the Iran-backed militants cease their shipping attacks in and around the Red Sea.