China warned Panama on Tuesday there would be 'heavy prices' to pay after a court ruling there annulled Hong Kong-based CK Hutchison's contract to operate two ports at the Panama Canal.China's Hong Kong and Macau Affairs Office called the ruling by Panama's Supreme Court 'absurd,' 'shameful and pathetic,' and vowed to defend the interests of Chinese firms.Panamanian authorities did not immediately respond to a request for comment…
Hong Kong's CK Hutchison said on Wednesday its Panama Ports Company unit has started international arbitration proceedings against Panama after the country's top court annulled its licences to operate two Panama Canal ports, in a case that could take years to resolve…
Wallenius Wilhelmsen has started operating the Port of Gothenburg car terminal – now named “Gothenburg International Auto & RoRo Terminal” (GIART). With the terminal, the company aims to develop a regional hub and enhance its logistics network as well as the port’s capacity to deliver efficient…
Panamanian President Jose Raul Mulino said on Friday that ports in the country will operate without disruption, despite a Supreme Court decision to annul key port contracts held by a subsidiary of Hong Kong-based CK Hutchison.The ruling on Thursday…
Panama's Supreme Court has annulled key port contracts held by a subsidiary of Hong Kong-based CK Hutchison, leaving the future ownership of some Panama Canal operations unclear and possibly upsetting its plans to sell some terminals.Panama Ports Company (PPC)…
Driving efficiency across two critical U.S. gateways for trade within the Americas, the three Liebherr LHM 550 mobile harbor cranes in high-rise configuration will be deployed across Seaboard Marine’s private terminals at Port Miami and Port of Houston…
Chartwell Marine, a leader in vessel design, has been appointed to design a new ferry for a rural island community. The vessel is scheduled to enter construction in early 2026 – with the boat yard currently being selected with Chartwell’s support – and enter operation in 2027…
HII announced that Daniel Marks has been appointed vice president of contracts and pricing at its Ingalls Shipbuilding division. Marks succeeds Stephen Fitts, who has been appointed vice president of supply chain management at Ingalls and is…
Frontline plc (NYSE and OSE: FRO) entered into one-year time charter-out agreements for seven of its VLCCs. The charters will commence during the period from late-January to April 2026 at a rate of $76,900 per day per vessel.“We are in unprecedented times…
As Americans do each year, with 2026 just the same, we are hopeful for a more promising year, with better outcomes and calmer seas. But for construction of the Nation’s inland waterways lock and dam infrastructure, there is a strong sense of urgency like never before…
