Panama Canal Commemorates 26 Years of National Administration
The Panama Canal Authority (ACP) has commemorated 26 years of Panamanian administration, marking a new anniversary since its transfer at noon on December 31, 1999.The Authority says this historic milestone was a catalyst for national sovereignty and pride and has allowed Panama to demonstrate its capacity to efficiently manage one of the most strategic routes in global trade.Among the most significant…
Maersk Names New Regional President for North America
A.P. Moller - Maersk has appointed Ditlev Blicher as the new Regional President for North America, effective January 1, 2026.Blicher assumes the role after most recently serving as the company’s Regional President for Asia Pacific since 2023.A logistics industry veteran, Blicher joined Maersk in 2020 with deep global experience in operations and general management. Prior to joining Maersk, he was APA CEO at DB Schenker.
Coral Adventurer Detained After PNG Grounding
The Australian Maritime Safety Authority (AMSA) has detained the Australian flagged vessel Coral Adventurer, that grounded on December 27 off the coast in Papua New Guinea (PNG).The Coral Adventurer was carrying 80 passengers and 44 staff when it ran aground on a coral reef about 90 kilometers from Lae.No injuries have been reported, and the vessel has been refloated.AMSA detained the vessel based…
HHI-EMD Runs Four-Stroke on Ethanol at Full Load
HD Hyundai Heavy Industries, Engine & Machinery (HHI-EMD) has successfully verified that its HiMSEN engine can operate stably on ethanol fuel.The company conducted the tests on its 4-stroke methanol dual-fuel engine platform (H32DF-LM) and confirmed that stable operation at all load points is possible. The test focused on verifying startability, combustion stability, power output stability, and exhaust gas characteristics under fuel property differences…
Latvia Police Board Vessel After Baltic Sea Cable Breach
An undersea telecoms cable was damaged in the Baltic Sea on Friday, and Latvian investigators on Sunday boarded a ship in connection with the incident, the country's state police said in a statement.The Baltic Sea region is on high alert after a string of power cable, telecom link and gas pipeline outages since Russia invaded Ukraine in 2022, and the NATO military alliance has boosted its presence with frigates, aircraft and naval drones.Lithuania's National Crisis Management Centre said the cab
Venezuela to Cut Oil Output
Venezuela's state-run oil company PDVSA has begun cutting crude production because it is running out of storage capacity due to an ongoing U.S. oil blockade that has reduced exports to zero, piling more pressure on an interim government trying to hang onto power in the face of U.S. threats of more military action.Caracas is in political crisis under an interim government after President Nicolas Maduro and his wife were captured by U.S. forces on Saturday.
