Tag: maritime trade

The International Union of Marine Insurance (IUMI) annual conference is currently underway, taking place 17-20 September in Edinburgh, under the common theme of strength and stability in turbulent seas.

In the wake of multiple sanctions levied against Russia in response to the ongoing conflict with Ukraine, the Russian Federation is actively exploring alternative avenues to mitigate the impact. One such approach involves forging closer ties with two major global powers, namely India and China.

In an effort to increase security and battle organized crime, the Government of Mexico, UNODC (United Nations Office on Drugs and Crime) and the U.S. Embassy have launched the Container Control Programme (CCP) in the port of Manzanillo.

At the start of London International Shipping Week (LISW), the UK Chamber of Shipping has launched a new report to provide an overview of the value of the shipping industry to the UK.

Drought conditions have significantly reduced water levels in the Panama Canal, leading shippers to pay exorbitant fees to expedite their vessels through the waterway. 

The Panama Canal Authority (ACP) has released a statement to disprove media allegations that there are over 200 vessels waiting to enter the Canal after the altered booking condition due to the prolonged drought. 

After facing the drought of the century, the Panama Canal has limited daily transfers in order to ensure safe operation. Alas, this limitation has led to over 200 ships stuck on the sides of the Canal, waiting to cross the crucial waterway.

The European Commission adopted the 11th package of sanctions against Russia, based on the lessons learned from implementation over the past year.

During the first quarter of 2023, trade growth was positive for both goods and services, according to UNCTAD’s latest Global Trade Update. After the downturn in the second half of 2022, world merchandise trade rebounded in both volume and value.

Global Shipping Business Network (GSBN) technology consortium welcomed Ocean Network Express (ONE) as its latest member in paperless trade.