Americas Correspondent, Seatrade Maritime News
Seatrade correspondent Michele Labrut has continuously covered the maritime sector of Central & Latin America since moving to Panama City in the 1980s. Author of Seatrade's annual Panama Maritime Review and of several books, Michele also writes for Time magazine and the Economist Intelligence Unit. In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism.
The Panama Canal Authority (ACP) is reducing he maximum draught for the new locks for the third time based on the present and projected levels of Gatun Lake for the following weeks.
Panama marine fuel sales in 2018 were hit by the “bad bunkers” problem that started in the US Gulf region with a 1.8% drop in sales.
Royal Boskalis Westminster (Boskalis) has signed an agreement with the Chilean logistic company SAAM S to sell its equity stake in SAAM SMIT Towage. Under the terms of the agreement, the total (100%) enterprise value of SAAM SMIT Towage is valued at $560m.
Cargo volume in Panamanian ports hit a record 7.01m teu last year, but only showed a slight growth of 1.7% compared to 6.89 teu the year before.
Royal Boskalis Westminster (Boskalis) has been awarded a $55m contract for the transportation of a large number of modules for a North American LNG export facility. The contract has additional options for extensions, worth up to $30m, Boskalis said in a statement.
The major shipping lines calling the Port of Kingston have declared their intention to reject an increase in vessel towing fees by the concessionaire Canada-based Ocean Towing.
Panama agreed to remove from its Ship Registry some 60 Iranian vessels to avoid being placed on a US Treasury blacklist.
Liberia is the second largest ship registry in the world, according to leading shipping analyst Clarksons in its World Fleet Monitor January 2019. This report confirms that, in gross tonnage terms, Liberia has overtaken the Marshall Islands, which now is in third place.
The Panama Canal Authority (ACP) has announced that, based on the present and projected level of Gatun Lake for the following weeks, it will be further reducing the draught for the new locks.
With demand growing for professional shipping services from the offshore oil & gas industry, GAC, is opening an office in Uruguay.