• 2021 July 25 12:37

    Panama renews maritime transport agreement with China

    The Panama Maritime Authority, in collaboration with the Ministry of Foreign Affairs of Panama, have renewed the Agreement on Maritime Transport between the Government of the Republic of Panama and the Government of the People's Republic of China.

    This agreement came into force July 20, 2021, at the end of the renewal process between the Panamanian and Chinese authorities. However, in order to avoid interrupting its implementation it was considered that from May 17, 2021 until its entry into force, both parties would continue to benefit from its provisions.

    The agreement renewal will be extended to five years, up from 3 years, and will strengthen trade relations between the two nations, and Panama Ship Registry‘s commitment to its users entering ports located in the People's Republic of China.

    The renewal of this Agreement represents a series of unique advantages for shipowners who have registered their vessels under the Panamanian flag, such as:

    • Appropriate measures to facilitate and expedite maritime transport to avoid unnecessary delays; granting favorable treatment in the collection of tonnage fees based on preferential rates.
    • Promote maritime and port development; full and efficient use of the maritime fleet to meet foreign trade demand.
    • Ensure the safety of navigation and protection of the environment (including the safety of vessels, crews, passengers and cargo).
    • Improve the business relationship and exchange of scientific and technological experiences; and exchange information on international maritime organizations and conventions.
    • Include the protection of the maritime environment, the development of marine resources, the observation of the sea, forecasting and warning of natural disasters and research, development and training on marine maritime issues.
    • Promote the supply of services to Panama-flagged vessels.
    • Increase the demand for maritime transport services for export and industrial production.
    • Maintain close relations that allow free and unimpeded access of Panama-flagged vessels for cargo traffic to and from China.
    • The Panama merchant fleet’s vessels will maintain the same uninterrupted port tariffs benefits and preferential treatment in the ports of the People's Republic of China, reaffirming the status of "Most Favored Nation".

    This Agreement on Maritime Transport is based on equality, mutual benefit, freedom of navigation and the principle of non-discrimination for Panama-flagged vessels operating in Chinese ports.




2021 September 27

14:48 DP World Stuttgart celebrates 25-year anniversary as business will invest €35m
14:33 Average spot market price for Russian M100 product rose to RUB 26,034 pmt as of September 24
14:12 Registration is underway for webinar on impressed-current protection against corrosion and corrosion monitoring of sea and harbor facilities
13:45 Gazprombank to finance creation of multifunctional cargo complex on Sakhalin
13:20 The Switch sweeps past milestone of 100 in-line PMM shaft generators sold
12:01 The fourth Russian supertrawler for the RFC was launched in St. Petersburg
11:26 Aqaba container Terminal invests in new customised machinery
10:56 DNV and Altera Infrastructure pilot new ABATE notation to reduce GHG emissions on offshore installations
09:54 MABUX: Upward evolution continues on Global Bunker Market on Sept 27
09:30 Crude oil prices continue rising
09:14 Baltic Dry Index as of September 24

2021 September 26

17:45 USCG, Japanese navy conduct exercise near Dutch Harbor
14:51 Hidden Gem’ arrives in Rotterdam to be transformed into nodule collection vessel for The Metals Company
13:21 LR projects win funding to accelerate research into maritime decarbonisation
12:28 ESVAGT takes delivery of third newbuilt SOV vessel
11:07 ABS Awards AIP to Ned Project’s wind turbine installation vessel design

2021 September 25

15:03 Rolls-Royce and Sanlorenzo add new dimension to partnership with mtu engines and integrated bridge solutions
13:27 JAX LNG and TOTE complete first renewable LNG bunkering in the United States
12:41 Babcock cuts steel for Royal Navy’s Type 31 frigate HMS VENTURER at Rosyth
11:37 Höegh LNG Partners LP announces a new long-term FSRU contract for the Höegh Gallant
10:52 MYCRANE set to launch in four more countries as franchisees are appointed

2021 September 24

18:16 ABS and HHI design optimized LNG carriers
17:59 Admiralteyskie Verfi shipyard launches the Kapitan Martynov freezer trawler
17:55 Italian terminal operator orders two Konecranes Gottwald Mobile Harbor Cranes
16:12 Three Finnish icebreakers return to service after being repaired at Turku Repair Yard
15:03 Maersk invests in electrofuels startup company
14:40 International conference “Inland waterways: strategic potential for growth” focused on INFUTURE project was held on September 20
14:13 Dredge spoil disposal system planned for fairway deepening project
13:57 LAS Vice Admiral Kulakov went to the Atlantic
13:33 Wärtsilä ensures optimal performance and minimal carbon footprint for world’s most environmentally friendly ferry
13:09 Wan Hai Lines holds online ship naming ceremony for new vessels
12:38 Sredne-Nevsky Shipyard launched unmanned research ship Pioner-M
12:10 Record mid-year cargo volumes through the Port of Vancouver in 2021
11:46 SCF Group wins sci-tech award for development in Arctic exploration
11:02 Rolls-Royce and Overmarine continue cooperation with future-oriented mtu technologies
10:07 Tallink Grupp secures another short-term charter deal for vessel Silja Europa
09:59 MPA, SSA and GCNS sign MoU to raise carbon accounting capabilities amongst maritime companies in Singapore
09:41 MABUX: Global Bunker Market may continue firm upward trend on Sept 24
09:24 Crude oil prices continue increasing
09:09 Baltic Dry Index as of September 23

2021 September 23

18:05 Maersk calls Jafza home for its first Warehousing & Distribution facility in the UAE
17:25 GTT and Deltamarin receive AiP from American Bureau of Shipping for their new design applied for LNG fueled tanker
17:05 LR grows fleet optimisation offering with GreenSteam acquisition
16:25 The Port of Rotterdam Authority helps German DeltaPort to be a regional hydrogen hub
16:15 Panama Canal joins to the Call to Action for Shipping Decarbonization
15:39 Dry cargo vessel of RSD59 design, Alexander Ivanov, leaves for sea trials
15:21 ABS grants AIP for next generation liquified CO2 carrier JDP designs
15:05 Synergy Group to take over Maersk Tankers’ technical management business
14:37 DNV and LISCR award AiP to HHI for 40,000 CBM liquefied CO2 carrier design
14:17 Kaliningrad region and FESCO to cooperate in the field of logistics
13:48 Damen can build icebreaking ships for Russia’s Arctic projects within short timeframes
13:25 Sweden’s largest port solar cell system inaugurated at Stockholm Norvik Port
13:15 MABUX: Bunker Weekly Outlook, Week 38, 2021
12:56 Keel-laying of Damen tug series for Atomflot held in Saint-Petersburg
12:51 MSC invests in new efficiency solution to reduce emissions from fleet
11:00 13th Annual Capital Link Shipping & Marine Services Forum took place with great success on September 13, 2021
11:00 Rolls-Royce and Sea Machines sign partnership to cooperate on smart ship and autonomous ship control solutions
10:34 APM Terminals partners with Siemens for energy optimisation and emission reduction at terminals
09:58 Torqeedo and Fassmer Shipyard announce the CIT-E Ferry - a passenger ferry for public transport
09:46 MABUX: Global Bunker Market may demonstrate firm upward evolution on Sept 23