Topic
panama
Logistics Strait of Hormuz Crisis Worsens as Containership Attack, Azov Drone Strikes Disrupt Trade Routes
The Strait of Hormuz crisis escalates with a Global Feeder Shipping containership attacked and traffic at five-week low. Ukraine’s drone campaign hits 116 vessels in nine days, suspending Azov-Don canal and Kerch Strait traffic. Sea Legend Shipping plans weekly Northern Sea Route container service; South Korea probes four container manufacturers for price-fixing.
Logistics FMC Warns China's Panama-Flag Detentions Could Trigger Action Against Chinese Carriers in US Trades
The US Federal Maritime Commission has renewed warnings over China's detention of Panama-flagged vessels, describing them as retaliatory and raising the prospect of remedial measures against Chinese-controlled carriers in US trades. Panama-flagged detentions in Chinese ports rose to 136 ships in April, following a March spike where they accounted for three-quarters of all China port detentions. The dispute stems from Panama's Supreme Court decision to invalidate CK Hutchison's concession for Balboa and Cristóbal terminals.