Panama Canal Approves $1.2bn New Reservoir Project
Panama Canal board of directors gives the green light for funding the construction of a lake in the middle course of the Indio River watershed.

Panama Canal board of directors gives the green light for funding the construction of a lake in the middle course of the Indio River watershed.
The Taiwanese Coast Guard has detained the vessel Hong Tai 58 amid suspicions that it deliberately damaged an undersea cable on 25th February.
Pertamina CEO, Yoki Firnandi, taken into custody amid allegations of $12bn corruption scheme tied to procurement of crude oil and oil products.
Women represent just 2% of the global seafaring workforce but a new initiative is set to change that as the ITF launches its Women at Sea network
With decarbonization rules already enforced in the EU/EEA, authorities are now honing in on greenhouse gas emissions from ships in European waters
This month Grimaldi will launch a service with two monthly departures from Europe to the Indian subcontinent, further cementing its foothold in Asia
The United Kingdom is set to enforce another round of sanctions on Russia’s oil trade by targeting an additional 40 vessels.
Trieste to become Hungary’s main port as construction begins on 30-hectare site acquired by Hungarian government with completion anticipated by 2028
Swedish authorities are probing a new suspected act of sabotage involving an undersea telecom cable in the Baltic Sea.
CMA CGM remains one of the most active buyers in the secondhand container ship market this year after acquiring another four boxships.
Mediterranean Shipping Co has partnered with rival CMA CGM to invest in a new terminal at one of Africa’s fastest-growing container hubs, Morocco
A fire broke out on the Grande Brasile, a Grimaldi cargo vessel, while it was transiting the English Channel on February 18th.
The Ecuadorian Navy have seized approximately 800 kilograms of cocaine aboard the Hapag-Lloyd container ship Guayaquil Express.
The cause behind the explosion on the oil tanker Seajewel on February 14th remains unknown, despite authorities launching an investigation.
Mediterranean Shipping Co is set to widen its lead over competitors, with new data showing it will soon outpace its closest rival by 2 million TEU