Container Lines Under Fire Over Panama Canal Surcharge Lack of Transparency
Increasing draft restrictions on the Panama Canal for Neopanamax vessels has seen carriers introduce surcharges varying from $100-$500 per teu
Industry News
US Ends Decade-long Restrictions on Ships Coming From Nigeria
The United States has lifted security restrictions imposed on vessels arriving from Nigeria after more than a decade, the Marine and Blue economy Minister Adegboyega Oyetola said on Tuesday, in a move expected to cut shipping costs and boost the…
Houthis Say Missiles Hit Saudi Military Ship and Four Escort Vessels
Yemen’s Iran-aligned Houthis attacked what they described as a Saudi military ship and four escort vessels in the Red Sea with missiles, according to the group’s military spokesperson Yahya Saree on social media on Monday.There was no immediate confirmation from…
Iran Conflict Pushes Pakistan’s Top Refiner to Buy More American Crude
Pakistan's largest refiner Cnergyico is buying more US crude as Islamabad seeks to diversify the country's energy supplies after disruption caused by the Iran war exposed its dependence on Persian Gulf routes.Pakistan also wants to increase imports from the US…
Chevron Discovers Offshore Hydrocarbons Anew in Angola
Chevron said on Monday it had discovered oil and gas condensate at an exploration well in Block 0, offshore Angola, adding to its push to increase production in sub-Saharan Africa through infrastructure-led exploration.Western and southern Africa are among regions drawing…
Somali Pirates Board Cargo Ship as Regional States Plan Security Effort
Reports are coming in of a new security incident off the coast of Somalia involving an unnamed cargo ship that was boarded. It is the latest in a series of ongoing incidents that have led the member states of the…