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Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. REUTERS/Aris Martinez Acquire Licensing RightsSept 12 (Reuters) - The Panama Canal could further reduce the maximum number of vessel transits authorized per day if a drought that has hit the waterway this year continues, its administrator said on Tuesday. In a move to ease the bottleneck of ships waiting, the canal has recently changed its reservation system to allow more non-booked vessels to pass and to give priority to the ships waiting the longest. The head of the Panama Canal Authority, Ricaurte Vasquez, said the waterway would opt for reducing daily transits if needed, before planning any further cut to authorized vessel draft, which affects shippers the most. PROLONGED DROUGHTVasquez said that even though this drought has not been the most severe Panama has ever seen, it could be very long.

Persons: Aris Martinez, Vasquez, Ricaurte Vasquez, Marianna Parraga, Gary McWilliams, Timothy Gardner Organizations: Monrovia NSU CHALLENGER, REUTERS, Aris, Panama Canal Authority, Thomson Locations: Cocoli, Panama, Panama City, Pacific

☆ Panama Canal water levels at historic lows, restrictions to remain
▼ + stars: | 2023-09-06 | by ( Elida Moreno | ) www.reuters.com time to read: +2 min

Bahamian LOS ANGELES SPIRIT crude oil tanker is pictured during its transit in the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama March 10, 2023. The authority that manages the canal added in a statement that this week's ship traffic represents a "normal" level for this season. It noted that a month before the end of its 2023 fiscal year, the canal's total vessel crossings already total nearly 800 more that what the canal authority's budget had forecast. Each vessel passing through the 50-mile (80-km) trans-oceanic waterway uses some 51 million gallons (193 million litres) of water from the lake. They argue that a potential early start to Panama's dry season and hotter-than-average temperatures could increase evaporation and result in near-record low water levels by April.

Persons: Aris Martinez, Eli Moreno, Brendan O'Boyle, Marianna Parraga, David Alire Garcia, Michael Perry Organizations: REUTERS, Aris, PANAMA CITY, Pacific, Thomson Locations: Cocoli, Panama, Panama City, PANAMA

[1/2] Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. The Panama Canal Authority has reduced maximum ship weights and daily ship crossings in a bid to conserve water. Container ships are the most common users of the Panama Canal and transport more than 40% of consumer goods traded between Northeast Asia and the U.S. East Coast. Some shipping executives are bracing for more reductions later this year, noting that in 2020 a less severe drought prompted canal operators to reduce crossings to 27 per day. "The Panama Canal is just the latest example."

Persons: Aris Martinez, Max, Drew Lerner, Peter Sand, Steve Ferreira, STRI's Steven Paton, Paton, Brian Bourke, Lisa Baertlein, Marianna Parraga, Elida Moreno, Louise Breusch Rasmussen, Deepa Babington Organizations: Monrovia NSU CHALLENGER, REUTERS, ANGELES, Evergreen Marine, Pacific, Panama Canal Authority, Northeast, U.S ., Smithsonian Tropical Research, El Nino, Central American, Canal Authority, SEKO Logistics, Thomson Locations: Cocoli, Panama, Panama City, HOUSTON, China, U.S, Northeast Asia, U.S . East Coast . U.S, United States, Chile, Brazil, Suez, Gatun Lake, El, U.S . East Coast, Los Angeles, Houston, Copenhagen

☆ An 'exceptional' Roman shipwreck was discovered with hundreds of intact 2,000-year-old jars off the coast of Italy
▼ + stars: | 2023-07-29 | by ( Marta Biino | ) www.businessinsider.com time to read: +2 min

Relics of an ancient Roman cargo ship were found near Rome on Friday. The vessel was filled with hundreds of Roman vases, and is estimated to be more than 20 meters long. The vessel, dating back to the second or first century BC, was found loaded with hundreds of ancient Roman terracotta jars, also known as amphorae. The ship was likely part of the Cura Annonae, an ancient Roman body that was charged with importing and distributing grain to the residents of the cities of Rome. Last year, archaeologists discovered a similar shipwreck dating back nearly 2,200 years stocked with jars used to transport food off the coast of Palermo, Sicily.

Organizations: Service, Repubblica, Carabinieri Locations: Rome, Wall, Silicon, Italy, Spain, Civitavecchia, Italy's, Palermo, Sicily

☆ Nations Aim to Zero Out Shipping Emissions by Midcentury
▼ + stars: | 2023-07-06 | by ( Max Bearak | More About Max Bearak | ) www.nytimes.com time to read: +1 min

Negotiators from nearly every country reached a provisional agreement on Thursday to effectively eliminate the shipping industry’s greenhouse gas emissions by as close to 2050 as possible. The breakthrough was made at an annual meeting in London of the International Maritime Organization, the global shipping regulator. The agreement, which will be formally signed on Friday, also sets goals for emissions reductions to be reached by 2030 and 2040. But a strong last-minute push from small island nations and other poorer coastal countries led to commitments from the organization that are in line with limiting global warming to 1.5 degrees Celsius. That is the threshold most climate scientists say the world must avoid crossing to avert the most catastrophic effects of climate change.

Organizations: International Maritime Organization Locations: London

☆ Philippines places buoys in parts of S.China Sea to assert sovereignty
▼ + stars: | 2023-05-14 | by ( ) www.reuters.com time to read: +1 min

MANILA, May 14 (Reuters) - The Philippines has placed navigational buoys within its exclusive economic zone (EEZ) to assert sovereignty over the disputed Spratly islands in the South China Sea, a coast guard spokesperson said on Sunday. The step comes amid China's increasingly aggressive actions in the South China Sea as Philippines President Ferdinand Marcos Jr pursues warmer ties with treaty ally the United States. In May 2022, the coast guard installed five navigational buoys on four islands in the Spratlys. China's claim of sovereignty over almost the entire South China Sea was invalidated by an international arbitration ruling in 2016. Beijing has for years deployed hundreds of coast guard and fishing vessels in disputed areas.

☆ A fleet of aging tankers is transporting sanctioned oil around the globe — and it's becoming an insurance nightmare because nobody knows who owns them
▼ + stars: | 2023-05-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

It's throwing up concerns about a fleet of secretive tankers transporting sanctioned oil globally. Authorities still don't know who to approach for damages, per various media reports. It has delivered an oil cargo to the eastern China province of Shandong before making its way to the shipyard, Bloomberg reported, citing ship-tracking data. The fire has been put out, but authorities don't know who to approach for damages according to various media reports. Russia itself has also put together a "shadow fleet" of more than 100 oil tankers in a bid to skirt Western sanctions, the Financial Times reported in December.

The Global Port Tracker now expects U.S. container imports of 10.4 million 20-foot equivalent units (TEU) for the first half of the year, a reduction of nearly 4% from its prior forecast. If imports hit that new target, it would mark a 23% drop from the first half of 2022, according to the forecast released by the National Retail Federation and maritime trade consultancy Hackett Associates on Monday. Uncertainty spawned by high inflation, Federal Reserve interest rate hikes and recent bank failures are weighing on trade, Hackett Associates founder Ben Hackett said. "Our view is that imports will remain below recent levels until inflation rates and inventory surpluses are reduced," he said. Reporting by Lisa Baertlein in Los Angeles; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ UKMTO says aware of reports of incident in Red Sea - statement
▼ + stars: | 2022-12-10 | by ( ) www.reuters.com time to read: 1 min

Dec 10 (Reuters) - Britain's Maritime Trade Operations (UKMTO) agency on Saturday said it was aware of reports of an incident involving a vessel in the Red Sea. The UKMTO, which is part of the Royal Navy, said the vessel and crew were reported to be safe, without providing further details. Reporting by Rhea Binoy in Bengaluru; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

LONDON, Dec 5 (Reuters) - The market for old oil tankers is booming, and it's all down to efforts by Western nations to curb trade in Russian crude. The European Union banned all seaborne Russian crude imports from Dec. 5, with a fuel import ban to follow in February. PRICE SURGEMajor Western oil companies typically stop using tankers when they are about 15 years old, and many would be scrapped. More tankers are now being used for voyages taking weeks, shipping Russian oil from the Baltic and Black Sea to Asia, whereas Russian oil was mainly sold in Europe previously and the voyages only took a few days. Ship broker Braemar also said that some of the vessels involved in shipping Iranian and Venezuelan oil were shifting to transporting Russian oil.

☆ Five countries, other than China, most dependent on the South China Sea
▼ + stars: | 2022-11-18 | by ( Sean M. Holt | ) www.cnbc.com time to read: +11 min

Territorially, there are seven claimants to the South China Sea: China, Brunei, Indonesia, Malaysia, the Philippines, Taiwan and Vietnam. Analysts name the top five countries, other than China, that are most dependent on the South China Sea. Aerial view of fishing boats setting sail to South China Sea for fishing on August 16, 2022 in Yangjiang, Guangdong Province of China. "Although they claim more than half of the South China Sea, China has pushed claimant states such as Vietnam out of traditional fishing waters and more into the South China Sea, causing excessive overfishing." South KoreaSouth Korea is "intentionally quiet about the South China Sea" as it wants to "maintain favor with China," Graham said, citing Seoul's primary focus on the North Korean issue.

☆ Official says oil tanker hit by bomb-carrying drone off Oman
▼ + stars: | 2022-11-16 | by ( ) www.cnbc.com time to read: +1 min

An oil tanker associated with an Israeli billionaire has been struck by a bomb-carrying drone off the coast of Oman amid heightened tensions with Iran, an official told The Associated Press on Wednesday. The attack happened Tuesday night off the coast of Oman, the Mideast-based defense official said. The official spoke on condition of anonymity as they did not have authorization to discuss the attack publicly. That tanker is operated by Singapore-based Eastern Pacific Shipping, which is a company ultimately owned by Israeli billionaire Idan Ofer. Iranian state media did not immediately acknowledge the attack on the Pacific Zircon.

☆ With Russia lurking on NATO's southern flank, Italy is working on new jets and new carriers to keep an eye on things
▼ + stars: | 2022-10-11 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +7 min

Protecting NATO's southern flankAn Italian soldier stands guard at NATO's Joint Force Command in Naples in March 2011. MARIO LAPORTA/AFP via Getty ImagesWhile often overshadowed by Europe's other major military powers, Italy is an important part of NATO's defense posture. Russian navy ship Veliky Ustyug at Russia's base in Tartus, Syria in September 2019. US Navy/MCS3 Crayton AgnewItaly's air force and navy both operate the F-35B, the short-takeoff-and-vertical-landing version of the F-35. Italian navy and air force F-35s have already operated together aboard Cavour.

☆ Criza din Canalul Suez continuă, nava de 400 de metri eșuată nu a putut fi încă mutată: Imagini surprinse din satelit
▼ + stars: | 2021-03-25 | by ( ) www.jurnal.md time to read: +3 min

Sursa foto: twitter.com/capellaspaceCriza din Canalul Suez continuă, nava de 400 de metri eșuată nu a putut fi încă mutată: Imagini surprinse din satelitCriza din Canalul Suez continuă. Autorităţile nu au reuşit încă să mute nava de 400 de metri care a blocat coridorul. A massive 400 meter-long container ship, Ever Given, is stuck in the #Suez Canal, blocking traffic in one of world’s busiest maritime trade routes. The ship can be seen in this Planet Dove satellite image captured yesterday, March 23rd. Capella’s #SAR constellation captures the Ever Given container ship blocking the Suez Canal with very high resolution 50 cm imagery as of 9:36am local Egyptian time.

Persons: Brent Organizations: Suez Canal, 23rd Locations: Canalul Suez, Suez, Orientul Mijlociu, Mexicului, Rusia, Africii

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