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Uncharted Waters: Panama Canal Struggles Amid Unprecedented Drought

Surviving Panama’s Challenging Climate Freight carriers have had to regroup their Asian shipments, redirecting from the US east coast to the west due to the significant impact of Panama Canal’s prolonged reduced working capacity. The Panama Canal Authority finds itself in the grip of what it labels as an outlandish drought, prompting a significant decrease […]

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Fresh Del Monte’s Shipping Arm Accused of Discriminatory Practices: A Peek Behind the Curtain

Allegations Against Network Shipping Unveiled It has come to light that Network Shipping, an offshoot of the fruit behemoth, Fresh Del Monte, is embroiled in accusations of “Unfair or unjust discriminatory practices”. The charge, lodged with the Federal Maritime Commission (FMC) in the United States, originated from a group of four Ecuadorian exporters and two

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Venturing Beyond Conventional Diesel: The Marine’s New Fuel

Oceanic Journeys are experiencing a green revolution as the Spanish energy powerhouse, Cepsa, gears up to release an innovative biofuel blend into the marine fuel market. Starting later this month, this change will be seen with the ferry company, Naviera Armas Trasmediterránea, as their vessels traverse the Strait of Gibraltar. Biofuel Blends: A Historic Breakthrough

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An Unexpected Slump: China’s Crude Oil Imports Register Significant Dip in July

The Plunge in China’s Oil Imports In a flabbergasting turn of events, China — the globe’s top oil consumer — observed an alarming 18.8% slide in its crude oil imports in July. It’s the most dramatic monthly drop since January this year, according to Tuesday’s customs data revelation. With overseas shipments hitting a halt and

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Disrupted Waves: The Legal Skirmish over Port NOLA’s Proposed Terminal

Becoming a barrier to the progression of the Port of New Orleans’ ambitious $1.8bn container terminal project, the St. Bernard Parish District Attorney’s Office has lodged a sizeable lawsuit. Aimed at stymying the massive development endeavor, the suit argues that the terminal’s construction would wreak havoc on Violet’s harmony, unleashing significant environmental impact. Cross-Border Contention

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Unfolding Battle: DA Sues Port of New Orleans Over Proposed Terminal

Enveloped within a groundswell of legal dispute is St. Bernard Parish DA’s office, asserting its stand against the Port of New Orleans in a ceaseless attempt to thwart the planned $1.8 billion container terminal. The lawsuit, taking center stage at the 34th Judicial District Court, alleges the prospective gargantuan shipping hub would wreak environmental havoc

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Shifting Tides: Fondo Italiano d’Investimento Acquires Stake in RINA

Three-Way Deal Sees New Ownership Structure Italy’s private equity firm Fondo Italiano d’Investimento is set to acquire a 33% stake in RINA, the Italian classification society. Orchestrated by RINA, Registro Italiano Navale (RINA’s main shareholder), and the fund itself, the deal is expected to be finalized by autumn 2023. As part of the transaction, RINA

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Swedish Dockside Welcomes Biofuel Revolution: A Collaboration Between ScanOcean and Neste

New Biofuel Breeds on Swedish Coast Biofuel pioneers, Swedish fuel talent ScanOcean in collusion with Finnish refining powerhouse Neste, are set to usher in a new age in the Swedish bunker market with the launch of an innovative biofuel product. Embracing modern eco-friendly solutions, the product is being distributed at multiple port locations along Sweden’s

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Breaking New Ground: Edison Chouest Offshore Constructs the First Mini-CTV for the U.S. Offshore Wind Industry

Witness the dawn of a new era in the U.S. offshore wind industry led by Edison Chouest Offshore, as it crafts a history-making mini-crew transfer vessel (Mini-CTV). The innovation of this U.K.-based Chartwell Marine-designed vessel signifies a paradigm shift in offshore operations. With the anticipation of launch by summer 2024, this all-new 39-foot catamaran, a

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Thriving Winds of Change: The Ambitious Journey of the Virginia Offshore Wind Project

In the pursuit of renewable energy’s promise, Dominion Energy, a leading U.S. energy company has embarked on a commendable journey with an ambitious offshore wind project. Affirming this move, the company revealed that it is Coastal Virginia Offshore Wind (CVOW) project, priced around $10 billion, continues to follow its scheduled timeline and budget, with anticipated

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