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Ports and logistics news: port congestion, terminal operations, canal traffic and the supply chains moving global trade.
The Panama Canal Authority has delayed a scheduled reduction in the maximum draft for Neopanamax Locks for the second time in weeks, citing water levels and a strengthening El Niño.
A South Korean harbor tug capsized while assisting an MSC containership off Busan, killing one crew member and leaving six others missing as a multi-day search operation continues.
Drewry’s World Container Index shows spot rates poised for a modest decline as ocean carriers accelerate the return of container capacity to the Suez Canal.
A new mapping of Greece’s port ownership shows Chinese state-owned COSCO, Italy’s Grimaldi Group and Greek private capital now controlling operations at the country’s largest commercial gateways while the Greek state retains ownership of the underlying port authorities.
Tidewater has closed its $500 million all-cash purchase of Wilson Sons Ultratug Offshore and Atlantic Offshore Services, adding 22 platform supply vessels and expanding its Brazilian fleet fivefold.
The Piraeus Port Authority (OLP) is moving to amend its corporate charter, opening the door to acquisitions, subsidiaries and management of port facilities beyond Piraeus, in Greece and abroad.
The Panama Canal Authority is temporarily easing restrictions on its Neopanamax transit reservation system, allowing shippers to book multiple and consecutive slots as the waterway juggles strong vessel demand against a worsening water outlook.
Greece’s Minister of Shipping and Island Policy inspected passenger-handling measures at Piraeus port as the seasonal wave of travelers returning from the islands peaked.
The Panama Canal Authority is tightening draft restrictions as a renewed El Nino-linked drought squeezes water levels, after a liquefied petroleum gas tanker paid a record $5.3 million in a priority-transit auction to skip the queue.
DP World and contractor McLaughlin & Harvey have started the main dredging campaign for London Gateway’s new Berth 5, a key milestone toward making the Thames Estuary port the UK’s largest container facility.
