EU’s Carbon Tax

Starting in 2024, all large vessels berthed on European shores will be subject to the ETS (carbon tax). The estimated carbon tax rates are attached (ETS EUROPE & ETS MEDITERRANEAN)....

Panama enters its annual dry season:

This year, the Panama Canal faces a more intense dry season than usual. While the dry season typically lasts from December to May, this time the reduced capacity due to the dry spell will force ships traveling between the Asia-Pacific and the U.S. East Coast to detour...

Red Sea Crisis

We believe that since December 14, you have been receiving news about the Houthi movement in Yemen attacking unspecified commercial ships. Following this, major shipping companies announced the suspension of operations in the Suez Canal. Currently, shipping companies...

Update on the Red Sea and Suez Canal situation

Last Friday Hapag-Lloyd experienced an attack on our vessel “Al Jasrah” in the Red Sea. Fortunately, the crew was not injured, and the vessel could continue its journey. As we see it today, the situation around the Suez Canal and the Red Sea is unsafe and the risks...

Update on the Panama Canal situation

Just got into summer season and rainy season never showed up at all, for this reason our authorities at this moment are allowing the transit of 22 vessels per day instead of the regular 36 transits per day. They can wait in line for days or weeks, as low water levels...