On February 21, 2025, the Office of the US Trade Representative (UST) released a notice of a proposal to impose wide-ranging fees on shipping companies and vessels with a Chinese nexus. The USTR has yet to release regulatory or administrative language ...
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Hutchison sells Panama Canal Ports To A U.S. Led Consortium Under Pressure From The U.S.
CK Hutchison Holdings sold its controlling interest in two major Panama Canal ports to a U.S. led consortium for $22.8billion. BlackRock Inc. Global Infrastructure Partners and Terminal Investment Limited will receive a 90% stake of the Panama…
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Maersk Highlights Indian Plans with Vessel Naming in Mumbai
A.P. Moller - Maersk celebrated the name-giving of its newest dual-fuel methanol container vessel in Mumbai on February 28 as a part of the vessel’s maiden voyage to India. The vessel, named Albert Maersk, is the eleventh vessel in Maersk’s…
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Chemical Tanker Boarded in Singapore Strait
The Maritime and Port Authority of Singapore (MPA) has reported an unauthorized boarding of the Singapore-registered chemical tanker, Basset, at about 07:00am (SGT) on February 28 in the Singapore Strait, outside Singapore territorial waters.A crew mem...
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Guyana Says Venezuelan Vessel Entered Contested Waters
Guyanese President Irfaan Ali said on Saturday that a Venezuelan coast guard patrol entered Guyanese waters earlier in the day, approaching an output vessel in an offshore oil block managed by Exxon Mobil.The South American neighbors are involved…
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US Aircraft Carrier Visit Demonstrates Support for South Korea
The U.S. aircraft carrier USS Carl Vinson arrived at the southern city of Busan in South Korea on Sunday as a show of force, South Korea's navy said.The visit was part of the "ironclad" commitment of the United States to extended deterrence…
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Petrobras Ups Ship Orders to 48 by 2026
Brazilian state-run oil firm Petrobras will commission four more support vessels by 2026, Chief Executive Magda Chambriard told Reuters, increasing the number of new ships aimed at supporting its operations to 48 by 2026.The reinforcement of…
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CMA CGM: US Fees on China Vessels Would Impact All Shipping Firms
U.S. proposals to hit Chinese vessels with high port fees would have a major impact on all firms in a container shipping industry in which most vessels are built in China, French-based shipping firm CMA CGM said on Friday.The U.S. Trade Representative'...
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Finland to Release Tanker Suspected of Power Cable Breach
Finland will release an oil tanker which investigators believe broke a Baltic Sea power cable and four internet lines late last year, and will escort the vessel to international waters even as the criminal probe continues, police said on Sunday.The Coo...
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Norway Commits to Bunkering US Navy Vessels After Boycott Call
NATO member Norway will continue to supply fuel for U.S. Navy ships, the country's defence minister said on Sunday, after a call from a private marine fuel supplier to stop doing so in response to the apparent breakdown in U.S.-Ukrainian relations."We…
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