Prior to this new expedited process, it would take months to remove a sanctioned vessel from the Panama Ship Registry.

Maersk had already raised its 2024 profit forecast in May, June and August, as the Red Sea conflict was having a larger than previously expected impact.

The LA and Long Beach ports, which together account for roughly a third of all U.S. container imports, each had their busiest ever peak season.

Vesselbot's data shows that Mexico's Manzanillo Ensenada and Lazara Cardenas ports have seen record-breaking container volumes over the last year.

ONE has also gained Approval in Principle (AiP) for an ammonia dual-fueled vessel, and has made strategic investments in 12 13,000 TEU methanol dual-fuel vessels.

In early October, the CUPE claimed that talks had stalled out over how the MEA manages scheduling, with the union pushing for a better work-life balance.

Port authorities are working closely with the terminal’s management to ensure the port’s operations can resume normal activity as quickly as possible.

Susan Riitala and Thor Maalouf, London-based partners in the Shipping and Transportation Group of global law firm Reed Smith LLP, discuss the coming of autonomous cargo vessels.

The blacklisted tankers are just a tiny part of the shadow fleet amassed by Russia to move its oil outside the reach of the Western powers.

Government headed by Labour Party seeks to clamp down on poor working conditions at sea with laws on collective dismissal and minimum wage.