• 2024 October 31 10:46

  Panama Canal operating costs down 5% in FY2024

  

  The Panama Canal's financial results show total revenue of PAB 4.99 billion (209 million PAB above budget and 18 million PAB more than FY2023), despite climate challenges in 2023 and 2024, according to Panama Canal Authority's release.

  According to the results, operating costs on the interoceanic route decreased by 5%, while net income increased by PAB 300 million compared to the previous fiscal year.

  According to the Panama Canal's vice president of finance, Victor Vial, the canal's revenue from the interoceanic route increased by 1%, with an estimated growth of PAB 1.8 billion over five years.
  
  One of the most noticeable effects of the drought on canal operations was a decline in the number of heavy-draft transits in fiscal year 2024, which totaled 9,944, down 21% from fiscal year 2023, due to water-saving measures temporarily implemented last year.

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2024 October 31

14:16	AD Ports Group and Somali Ministry of Fisheries & Blue Economy sign MoU for maritime sector development
13:44	Maersk reports Q3 results
12:43	UECC orders four advanced multi-fuel battery hybrid pure car and truck carriers from China Merchants Jinling Shipyard Nanjing
11:39	Japanese сonsortium produces design concept for eco-friendly VLCC
11:12	TMC Compressors bags contract to supply four LNG carriers
10:46	Panama Canal operating costs down 5% in FY2024
09:29	HIF Global and Antarctica21 promote sustainable tourism with e-Fuels

2024 October 30

18:00	East Java Multipurpose Terminal partners with Sinarmas LDA Usaha Pelabuhan
17:22	Container traffic at Iranian ports up 5% in the first half of the current Iranian calendar year
17:06	CIMC SOE delivers second 7,600 cbm LNG bunkering vessel to Seaspan Energy
16:42	Klaveness Combination Carriers makes first move into wind with bound4blue eSAIL system on CABU III newbuild
16:23	Transport workers' strike in Argentina to affect port operations
15:59	South Korea's seaport container cargo up 3.5 pct in Q3
15:46	Stena Line marks significant milestones in build of NewMax ships, Stena Futura and Stena Connecta
14:55	DNV and LR grant AiP to HD Hyundai Heavy Industries for ammonia duel-fuel large container vessel
14:45	Jiaxing Port adds a new sea-river intermodal operation area
13:32	Maersk signs long-term methanol sourcing deal
13:08	MOL and Pyxis sign Collaboration Agreement for development and market expansion of electric vessels in Singapore and Japan
12:40	AD Ports Group and the General Department of Vietnam Customs sign MoU
12:21	TE H2, CIP, and A.P. Møller Capital Partner for a large-scale project in the Kingdom of Morocco
11:40	ClassNK issues AiP for Autonomous Navigation Assistance System developed by Samsung Heavy Industries
11:20	MacGregor launches Carbon Calculator
10:55	Russian seaports in Q3, 2024: Infographics and Analytics
10:30	World's first ammonia-fuel dual-fuel bulk carrier begins construction
10:09	Erik Thun launches the next-generation Lake Vanern Max vessel
09:03	SCHOTTEL receives an order to supply azimuth thrusters for four new escort tugs for Saltchuk Marine

2024 October 29

18:00	The U.S. Environmental Protection Agency announces selections for nearly $3 bln of investments in Clean Ports
17:34	Asyaport becomes first Turkish port to provide shore power to container ships
17:00	Port of Los Angeles awarded $412 million grant from U.S. EPA for zero-emission transformation
16:42	Oil spill occurred during bunkering operations at the Port of Singapore
16:10	World’s first electric hydrofoil ferry line takes off in Stockholm
15:46	Wallenius Wilhelmsen signs five-year, $766 million deal
15:29	Port of Rotterdam introducеs Geofence system as part of the first phase of the Just-in-Time sailing project
13:50	CMA CGM and Marsa Maroc join forces in a joint venture to equip and operate half of the Nador West Med container terminal
13:22	Container volume in Spanish ports up 9.9% in Q3 2024
12:50	Port Houston container volume up 1% to 329,462 TEUs in September 2024
12:11	ClassNK issues approval in principle for new membrane-type LNG carrier without filling limits
11:40	Maersk and Danone partner to reduce the greenhouse gas emissions of seaborne logistics with ECO Delivery
11:12	SAFEEN Subsea launches unmanned vessel for offshore operations
10:42	ABS explores the potential of nuclear technology on LNG carriers
10:22	SITC’s revenue up 19.2% in Q3 2024
09:45	Hanwha, HD Hyundai vie for Poland’s $2.7b submarine program

2024 October 28

18:08	GTT announces its revenues for the first nine months of 2024
17:39	New Fortress Energy provides update on its initial FLNG asset
17:12	EverWind Fuels awarded $22.5 mln investment from Government of Canada for Clean Port & Green Fuels Hub
16:47	Wan Hai Lines orders eight 16,000 TEU methanol dual-fuelled containerships from Hyundai Samho Heavy Industries and Samsung Heavy Industries
16:24	BASF and AM Green enter MoU to jointly evaluate opportunities in low-carbon chemicals in India
15:59	Guangzhou Shipyard International delivers first of four ro-pax ferries to MSC
14:45	China’s first deep-sea multi-functional scientific research and archaeological vessel completes sea trials
14:24	OMS Group invests in cable-laying vessels to help meet growing global telecommunication demand
13:13	China Classification Society issues AIP Certificate for new ship types of CSSC Huangpu Wenchong Shipbuilding
12:43	Wärtsilä Lifecycle Agreement will optimise performance and reliability of seven Capital Gas LNG carriers
12:12	Panama Canal presents financial results for FY24
11:42	Fincantieri, Vard and Sandock Austral Shipyards form three-way alliance
10:44	APM Terminals Maasvlakte II orders Automated Horizontal Transport System from Konecranes
09:55	PIL and SSES complete the inaugural LNG bunkering of PIL's first LNG-powered container vessel

2024 October 27

15:07	Austal USA kicks off construction of a new manufacturing facility for submarine modules
14:21	OOCL signs charter agreements with Seaspan for six new 13,000 TEU container vessels
13:44	Saipem rig commences second drilling campaign off Namibia after first one yielded oil discoveries
13:08	MSC: Port rotation change - USA to SAEC service
12:14	Strike action is set to resume at Canada’s largest container gateway, Montreal
10:28	SMP Kolkata suspends shipping and port operations amid threat of 'Cyclone Dana'

2024 October 26

15:18	Hapag-Lloyd raises its earnings outlook for the current financial year
13:04	Chinese wheel manufacturer Xingmin entering shipbuilding sector
11:01	Partners of the LA-LB-Shanghai Green Shipping Corridor release their first Annual Progress Report
09:57	Longship bids welcome to second ‘ultra-low’ emission diesel-electric cargo vessel

2024 October 25

18:00	Idemitsu and Mitsubishi Corporation agree to jointly study the operational efficiency of pure ammonia tankers and transshipment terminals
17:13	Singapore overtakes Rotterdam for first time to become world's largest biofuel bunkering port
16:52	The MEYER WERFT shipyard delivers its new cruise ship Disney Treasure to Disney Cruise Line
16:20	Wuchang Shipbuilding steel cut for LDA’s first wind-assisted RORO vessel