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In response to a persistent drought worsened by a severe El Niño weather pattern, the Panama Canal Authority is taking steps to conserve water. The authority will gradually reduce the number of daily ship transits from 29 to 25 initially, and in the coming weeks, further cuts will reduce it to 18 ships daily by […]

According to a recent estimate, the world is not on track to reach the maritime industry\’s 2050 decarbonization objective of 5% zero-emission fuels in international shipping by 2030. The estimate, which was unveiled on Wednesday at the Global Maritime Forum\’s annual summit in Athens, concludes that the amount of scalable zero-emissions fuel (SZEF) now being

Drought in the Panama Canal has triggered a seismic shift in supply chain dynamics, compelling businesses to reassess their strategies due to shallower waters that have curtailed vessel capacity and restricted cargo weight. This predicament has led to an inevitable consequence: heightened costs and delays as companies are compelled to unload cargo, particularly containers, onto

Dramatic headlines may alarm, but a closer look at import patterns reveals a more nuanced reality. The headline \”Imports still plunging, down 14% year on year\” stems from the conclusion of the COVID-driven import boom in 2022. The decline, though seemingly large, marks a return to normalcy rather than a crisis. In contrast, the headline

Global shipping continues to seriously harm the environment, the ocean, and human health, despite repeated attempts by the International Maritime Organization (IMO), the international community, and the maritime industry to address the problems. This is the conclusion of the most recent study exposing the shipping industry\’s negative effects, which was released in honor of the

ILWU Canada plans to strike at West Coast ports starting on July 1, following a landslide vote of union members. The notice was served on Wednesday, complying with the three-day notice required by the Canadian Labor Code. Over 99% of ILWU Canada union workers voted in favor of a strike if a labor deal was

In an effort to alleviate the unequal effects on neighboring towns, the Biden administration initiated a $4 billion initiative to electrify U.S. ports and reduce heavy duty vehicle emissions. The $3 billion Clean Ports Program and the $1 billion Clean Heavy-Duty Vehicle Program, both of which aim to reduce pollution at ports and vehicle emissions

\”It\’s like when you were a kid and played a game where you laid siege to a castle and surrounded it, trying to starve the people out. However, due to Russian sanctions, half of the castle has been left undefended. \”Every day, they can just open the doors and get resupplied with food and trade,\”

The Port of Los Angeles experienced their second busiest years in history. The accomplishment was announced by Port of Los Angeles Executive Director, Gene Seroka, during his annual State of the Port Address. “Over the past few years, as we’ve risen to each and every challenge, we have become a stronger, more resilient port,” said

Oil priced settled quite higher than usual on Thursday, with Brent crude extending its rise to the highest price since October 2018. Analysts said crude remains underpinned by data showing demand outpacing supply. The Energy Information Administration said U.S. crude inventories fell by 7.6 million barrels for the week ended June 18. That marked the