The Panama Ship Registry has cancelled the registration of over 6.5 million gt of vessels over the last two years for issues related to Iran, North Korea or sanctions.

The Panama Canal Authority (ACP) has announced a continued series of draught reductions and warns of “extreme measures” if the severe drought continues.

With draught restrictions already in place the Panama Canal Authority (ACP) is implementing water saving procedures as it battles one of the worst droughts the waterway has seen.

A severe drought affecting the Panama Canal is forcing the Panama Cana Authority (ACP) to reduce draughts and container vessels to lighten their loads.

The Panama Maritime Authority (AMP) and Panama’s main maritime associations concluded the meetings for the revision of the country’s merchant marine law.

PSA Marine has completed the acquisition of 45% stake in Meyer’s Tugs (MTSA) from Inversiones Maritimas CPT a wholly owned subsidiary of CPT Empresas Maritimas SA (CPT).

For the first time, the Panama Ship Registry has become eligible for the US Coast Guard’s Qualship 21 programme.

The Panama Canal Authority (ACP) has enforced lower maximum draught of vessels transiting the expanded Panama Canal’s neo-panamax locks due to an ongoing drought.

An incident in the Panama Canal could prove costly as the Panama Canal Authority (ACP) implements a ‘disruption charge’ for vessels causing delays and operational difficulties to the critical waterway.