Builders Threaten to Halt Panama Canal Expansion – European builders have threatened to abandon the Panama Canal Expansion project if the Panama Canal Authority does not agree to pay $1.63 billion in cost overruns, about 50% over the original $3.1 billion contract....
Canada Claims North Pole – Canada has filed a preliminary submission to the United Nations making a claim on the North Pole as a way of asserting control over a large part of the Arctic. Denmark and Russia also look ready to claim the North Pole on grounds it lays on...
Japan Implements New Anti-Piracy Law – Japan’s new anti-piracy law came into effect on November 30th. The law will allow private armed guards to board Japanese-registered oil tankers and other cargo ships in waters off Somalia. Deploying private armed guards was...
Port Canaveral Container Terminal Expansion Approved – Florida’s Governor Rick Scott is planning to ask state legislators for $9.7 million to expand the container terminal at Port Canaveral in preparation of the Panama Canal expansion opening in 2015. The port...
Strike at Port Karachi Enters Eighth Day – A significant number of containers and a large quantity of loose cargo is stranded inside the Karachi ports as a strike by the goods-carriers enters its eighth day. The United Goods Transporters Alliance (UGTA) secretary...
London Gateway is Now Accepting Ships – The London Gateway port, a decade-long project, received its first ship this week, MOL Caledon. The London Gateway is able to handle 400-meter ships that can carry more than 18,000 containers and is located closer to major U.K....
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