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04 February 2025 - Year XXIX
Independent journal on economy and transport policy
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Panama Canal, the FMC confirms that it has the powers to counter any practices considered harmful to U.S. businesses
Sola: the Commission could act against the Republic of Panama rather than specifically against the Authority of the Channel. By 2050 - it has emphasized - the ability of the channel could decrease up to 50%
Washington
January 29, 2025
In these early days of Donald Trump's presidency we are questioning whether the mire of possession expressed by the US president on territories considered strategic for the USA are still out of the electoral campaign or true intentions of the new Washington administration. Regarding the American will of control on the Panama Canal several times manifested by Trump, an indication on the intentions of the White House towards the Central American nation and its strategic waterway can be found in the audience of Louis E. It was held yesterday at the Commission for Trade, Science and Transport of the American Senate. Sola is the new president of the Federal Maritime Commission (FMC), the U.S. federal agency responsible for regulating the U.S. international shipping system, a role he was given on January 20 by Donal Trump, who in 2019 appointed him as commissioner of the same FMC. Yesterday's hearing included Daniel B. Maffei, who was replaced by Sola at the chairmanship of the FMC, who had been conferred by former president Joe Biden in 2021, and who is currently commissioner of the FMC.

The two interventions to the Senate Commission are useful to see whether and how the FMC's attitude towards Panama and its channel has changed. From the statements of Sola and Maffei seems to perceive a line of continuity between the mandates of the two presidents of the Federal Maritime Commission.

In his audition, Sola recalled that "for most of the ultra-centennial history of the channel, the United States were responsible for managing the infrastructure, but this responsibility changed in 1999 when the channel control was transferred to the Republic of Panama. In the last 25 years, the channel - it has found the new president of the FMC - has been administered very skillfully by the Panama Canal Authority, a government agency independent from the government of Panama. In 2024 - Sola has remembered - the drought conditions have had repercussions on the operations of the channel, forcing the Authority to reduce the total number of available transit slots, to prohibit to some classes of ships to transit and to impose that the ships were more read for reasons of fishing. In some cases, the available transit slots were auctioned at the highest bidder. In response to the concerns expressed by many different sources on how the channel was managed, last August the then President Maffei and I went to Panama to meet the government, the Authority and managers of the enterprises to learn more about how drought was affecting the operations of the channel and what measures the Authority was adopting to make the channel more resilient to drought".

"The leaders of the Panama Canal Authority - it has continued Sola - seemed to be marked to the maximum transparency in discussing the management of the channel and the options to make the way of water more resilient to the drought conditions. These improvements are absolutely essential. Without a solution, projections suggest that by 2050 the channel capacity could decrease by up to 50%, which would have devastating consequences for global trade and US trade. The Authority is working to create additional volumes of water necessary to manage the channel, but must do so within the limits of the laws and regulations administered by the Government of the Republic of Panama. This report has sometimes caused friction. The Republic of Panama is responsible for the administration of ports, water rights and the naval register of that nation. The reality is that an agency, the Panama Canal Authority, administers the channel and is responsible for its continuous operation, but many of the initiatives necessary to achieve this are under the control of the government of Panama. To further complicate this fractionation of authority - said the new president of FMC - is the reputation of the government of Panama as to corruption and dependence on foreign influence. Transparency International - it has specified Sola - places Panama at 108° place on 180 countries evaluated and the Administration for International Trade of the US Department of Commerce notes that "corruption is the biggest challenge of Panama". There are multiple examples of systemic corruption found in how the Panamanian government does business. Officers were sanctioned. The Panamanian register included Iranian-owned ships involved in sanctions. The presidential administrations that preceded that of the current president Mulino - continued Sola referring to the increasing presence of Chinese interests in Panama - were particularly receptive to the Chinese proposals and, since 2015, the People's Republic of China in Panama had only to push slightly a door that was already open. In the following years, Panama became a member of the Belt and Road Initiative and truncated its diplomatic relations with the Republic of China (Taiwan). Chinese companies were able to get billions of dollars in development contracts in Panama, many of which were physical infrastructure projects, some on the Panama Canal or adjacent to it. No competition has been made to assign contracts, labor laws have been elusive and the Panamanian people are still waiting to see how they benefited."

"The United States - he added Sola, and here it seems to listen to the words of different speeches pronounced by Donald Trump, but also by his predecessor Biden - are not devoid of options to address the growing presence of China and Chinese companies in Panama and all the Americas. Nor are we devoid of options regarding the continuous operation of the channel. First of all, we need to increase support for American companies looking to do business in Panama and all the Americas. Chinese companies must not be the only tenderers for contracts. Improve resilience of the Panama Canal will require considerable engineering and construction work. US companies can and must be at the top of the list of offers considered. In addition, the United States must counter any conduct by foreign competitors that American companies cannot legally use. Commercial opportunities abound in all the Americas and our foreign and commercial services must embrace their role as champions of US companies despite a strong presence of local anti-US press and aligned with China. The US embassy in Panama is a crucial part of these efforts. Having a confirmed ambassador in Panama, and protecting our national interests must be a priority."

"Secondly - the president of the FMC has asserted - we must safeguard the independence of the Panama Canal Authority. Any attempt by other interests in Panama to reduce the independence or professionalism of the Authority must be stopped. Building or expanding relations with the Panama Canal Authority can further increase its capabilities and expertise. The United States should cooperate with the Authority to identify opportunities for technical collaboration or sharing expertise. One example is the U.S. Army Corps of Engineers which has an unparalleled experience in managing major public works projects. The relationship between this and the Authority could be formalized. Another opportunity to grow relationships is to promote closer and more frequent consultations between channel users, or their representatives, and the management of the Authority. Such exchanges would be productive, in particular if they identified and alleviated the worrying problems before they become problematic issues".

"In third place - it has concluded Sola - the Federal Maritime Commission will continue to monitor and review the practices of the Panama Canal Authority with an eye on the congruence of the structure of the tariffs for transits. The Commission will also consider the extension of its ongoing examination of the Authority to include other maritime and supply chain activities operating in Panama. The powers conferred on the Commission pursuant to Section 19 of the Merchant Marine Act of 1920 to address the conditions affecting maritime transport in foreign trade (46 U.S. Code Chapter 421) empower the Commission to deal with the laws or practices of foreign governments which are harmful to U.S. marine transport. More explicitly, if the Commission formally investigates the practices of the Panama Canal Authority and finds them unfavourable, the Commission may act broadly against the Republic of Panama rather than specifically against the Authority. Under the law, the Commission may impose significant countermeasures, including large daily fines and the ban on Panamanian flag vessels to dock in the ports of the United States.'

In his speech, referring to the most recent events that have had an impact on the channels of Panama and Suez, two of the critical infrastructures of the world system of marine transport, the former president of FMC Daniel Maffei and current commissioner of the federal agency has found that "the reduced capacity of the channel of Panama, in combination with the fact closure of the Suez channel due to the attacks of the Houthi in the Red Sea, has had serious consequences for the oceanic trade, that more times. U.S. importers and exporters expressed concerns about the Panama Canal to the commissioners and FMC staff, including doubts about the future reliability of the channel and questions about how the Panama Canal Authority was determining which ships could transit through the channel and when. The FMC - it has agreed Maffei - has the statutory authority according to law relative to foreign practices in the field of the marine transport to investigate and potentially adopt the appropriate countermeasures if it discovers that a foreign country, through its laws or regulations, has contributed to "unfavorable conditions to the marine transport in the trade with abroad". Given this statutory mandate and in line with the mission of the FMC, then Commissioner Sola and I started to analyze more thoroughly the causes of the problems the channel was facing».

Maffei has listed meetings with representatives of the Panamanian institutions, starting from the new president José Mulino, and with the leadership of the Panama Canal Authority and with representatives of the private sector: "we had - it has explained - open discussions on key issues like the plans of Panama to improve the challenges related to the water level, the procedures of contest used to assign the transits during the periods of restrictions and our concern that the Authority of the Channel was collecting much more money for transit during the crisis than before the water shortage of 2023-24. Both the Government of Panama and the Authority of the Canal responded promptly to our questions. The Authority of the Channel informed us that they were already making changes to the allocation system. Fortunately, now the rainy season of 2024 in Panama has alleviated for the moment the most serious problems of water supply of the channel and restored the normal transit volumes. That said, while the Panamanian government and the Canal Authority have, with the advice of the U.S. Army Corps of Engineers, developed credible plans to mitigate future water shortages, have also warned that it is likely that at least another reduced transit period will occur before these plans can be fully implemented". "While we learn more about how Panama and the Channel Authority would manage another drought crisis and receive more input from American importers and exporters - concluded Maffei - the Commission remains ready to take any appropriate action if justified".
››› News file
FROM THE HOME PAGE
In the fourth quarter of 2024, ship transits through the Panama Canal began to grow again
Balboa
Traffic decreased by -10.8% for the whole year
Last year, cargo traffic in Turkish ports increased by +2.0%
Ankara
Trade with Italy stable. Cruise passengers increase by +22.5%
In the October-December quarter, ONE's revenues increased by +44.4%
Singapore
Cargo transported by the fleet increased by +4.5%
Last year traffic in the port of Trieste grew by +7.1%
Trieste
Sharp increase in liquid bulk (+10.6%) and more moderate in general cargo (+1.8%). Sharp drop in dry bulk (-72.7%). Record cruises
Last year, freight traffic in Spanish ports grew by +2.7%
Madrid
New historical records for containers (in TEU), conventional freight and scheduled passengers
Ocean carriers are waiting for stability in the Red Sea before re-crossing the Suez Canal
Ismailia
Suez Canal Authority ready to implement discount program
SEA Europe welcomes the EU Commission's willingness to present the European Maritime Industrial Strategy by the end of the year
Brindisi's new port master plan approved
Toasts
The new major works are concentrated on the external port. New spaces for logistics, shipbuilding and nautical activities
In 2024, freight traffic in Sardinian ports recorded a growth of +1.7% driven by various goods
Cagliari
Cruises record. Ferry passengers up +4.5%
Hapag-Lloyd's preliminary results for the 2024 financial year show slight growth over the previous year
Hamburg
Increase of approximately +5% of loads transported by the fleet
World Shipping Council praises new program to restore EU competitiveness
Brussels
The aim of reducing risks in investments in renewable energy and in the production and distribution of renewable and low-emission fuels for transport is good
Panama Canal: FMC Confirms It Has Powers to Counter Any Practices Deemed Harmful to US Trade
Washington
Sola: The Commission could act against the Republic of Panama rather than specifically against the Canal Authority. By 2050 - he stressed - the canal's capacity could decrease by up to 50%
In Switzerland, priority road and rail infrastructure projects will be identified
Royal Caribbean Closes Out Record 2024, Announces River Cruise Expansion
Miami
Initial program for the acquisition of ten vessels to be put into service starting from 2027
Port of Livorno, MSC, Neri and Lorenzini ask for clarifications on the Darsena Europa design
Leghorn
Macii: the concession will be awarded through a public tender
In 2024, the port of Marseille Fos saw an increase in general cargo and a decrease in bulk cargo
Marseille
Passenger decline
Container traffic in the port of Antwerp-Zeebrugge increased sharply in the fourth quarter of 2024.
Antwerp
Overall volume of goods stable
In 2024, freight traffic in the port of Ancona remained stable
Ancona
Overall passengers decreased by -2.2%
EQT Real Estate invests in 12 logistics sites in Northern Italy
Stockholm
Transaction valued at approximately 230 million euros
Container traffic at the Port of Los Angeles grew by 19.3% last year
Los Angeles
In the fourth quarter alone the increase was +21.5%
Financial Audit Launched on Panama Ports Company
Panama/Beijing
According to the General Auditor of the Republic of Panama, the company generates little benefit for Panama
HMM signs agreement with JNPA to collaborate on development of new Indian port at Vadhvan
Seoul
The port will have a container traffic capacity of 23.2 million TEUs
EU customs reform must make trade and business easier
Brussels
23 organizations underline this in a joint statement
Launch in Ancona of the luxury cruise ship Four Seasons I
Trieste
Fincantieri to deliver the unit to Four Seasons Yachts at the end of 2025
Launch event in Brussels of the European Maritime Skills Forum
Brussels
In 2024, the port of Tanger Med handled a record traffic of 10.2 million containers
Anjara
New peaks also in other business segments
South Korea's KSOE wins order to build 12 18,000 TEU containerships
Seoul
HD Hyundai Heavy Industries' turnover increased by +21.1% in 2024
Fire breaks out on the Rospo Mare B oil platform off the coast of Vasto
Rome
There were no injuries or traces of pollution in the sea
Galaxy Leader Sailors Freed
London
Today the 25 crew members left Yemen on board a plane
Contract with Russian company that managed Syrian port of Tartous terminated
Damascus
The agreement included investments of 500 million dollars
Brussels OKs DP World-Arcese Automotive Joint Venture
Brussels
Initially, the activity will be carried out in France and Poland
Royal Caribbean orders sixth Edge-class cruise ship at Chantiers de l'Atlantique
Miami/Saint Nazaire
It will be taken over in 2028
Louis E. Sola is the new chairman of the Federal Maritime Commission
Washington
Takes over from Daniel Maffei
In 2024, ship transits through the Suez Canal decreased by -50%
Ismailia
The total was about 13,200 units compared to over 26,400 in 2023
Uiltrasporti urges to restore measures to support rail freight transport
Rome
Definitive cancellation of the 65 million fund from the Budget Law
The Trump unknown also weighs on the Panama Canal
Washington
While the tycoon dreams of taking it over with weapons in hand, a bill proposes to start negotiations with the Panamanian government
Shipowner Giovanni Montanari has passed away
Rome/Fano
He was president of Confitarma and of the Port Authority of Ancona
CMA CGM includes four more Italian ports in the TMX 2 service
Marseille
Stopovers in Algeria removed
Interporto Padova collects over ten proposals for participation in the terminal activity
Tarros renews GPS service by combining two rotations
The Spice
Return to the landings in Spain
With the PNRR, over 70% of Italian Port Authorities have equipped themselves with a Port Community System
Rome
In 2024, vessel traffic in the Bosphorus Strait increased by +6.1%
Ankara
In the fourth quarter alone, the number of ships increased by +3.0%
Musolino appointed extraordinary commissioner of the AdSP of the Central-Northern Tyrrhenian Sea
Civitavecchia
Salvini signed the decree yesterday
The Central Adriatic AdSP PIAO 2025-2027 has been approved
Ancona
Further increase in the organization's staff is expected
In the ports of Genoa and La Spezia, protests are rising over the downgrading of Ligurian Customs
Genoa/La Spezia
Botta: they are essential structures for the proper functioning of the Italian economy
Ports of La Spezia and Carrara, deadline for tender for purchase of green vehicles postponed
The Spice
It has been postponed to February 14th
The second edition of the Executive Master in Shipping Management is underway
Rome
It is organized by Confitarma and its training body ForMare
SAILING LIST
Visual Sailing List
Departure ports
Arrival ports by:
- alphabetical order
- country
- geographical areas
ECSA, recognition of the centrality of shipping for Europe's growth is good
Brussels
Raptis: It is an essential part of the energy transition of our economy
The optimized layout of the new breakwater of the port of Genoa has been approved
Genoa
Simultaneous construction of the two phases of the project is now planned
ABB Group revenues grew by +4.2% in the fourth quarter of 2024
Zurich
Positive trend in the railway, maritime and port segments during the year
AdSP of Western Liguria, the Integrated Plan of Activities and Organization 2025-2027 approved
Genoa
Contributions recognized to CULMV and CULP for the re-employment of personnel
New historical record of annual traffic of goods in Albanian ports
Tirana
In 2024, 7.75 million tonnes were handled (+14.6%)
The merchant ship Guang Rong ran aground in Marina di Massa
Leghorn
The crew was rescued
Pessina (Federagenti): Trump has made the world rediscover the importance of waterways
Rome
Only the sea - he observes - is the key to overturning old balances
Two ships stopped in the port of Genoa due to serious deficiencies
Genoa
Last year, ten of the 120 foreign ships inspected were stopped at the Ligurian port
Navibulgar vessel suspected of damaging undersea cable in Baltic Sea
Varna
The company attributes the cause of the accident to unfavorable hydrometeorological conditions
Navantia Completes Acquisition of Harland & Wolff Shipyards
Madrid
Domínguez confirms the Spanish group's willingness to collaborate with British industry
Temporary port work supply activity assigned in the ports of Bari, Brindisi, Manfredonia and Barletta
Fercam acquires German freight forwarder LIC
Bolzano
New branch recently established in Troisdorf
CIMC Expects to Close 2024 with Strong Earnings Growth
Hong Kong
Production and marketing of company's containers in strong growth
COSCO Shipping Lines Renews MENA, EMA Services Between Med and US East Coast
Shanghai
Port of Salerno ports introduced in the first line
COSCO Shipping Energy issues equity to finance fleet growth
Shanghai
Six VLCCs, two LNG vessels and three Aframax vessels planned
The unions confirm the three-day strike of the workers of the AdSP of the Central Tyrrhenian Sea
Naples
The protest action is scheduled for January 31, February 3 and 4.
Rolls-Royce wins record contract for Royal Navy submarine fleet
London
Eight-year, £9bn contract
Transported, the DURC in road transport is used to avoid paying for services
Rome
The rules - the association denounces - are openly violated by the clients
Kombiverkehr restores rail link between Lübeck port and Verona
Frankfurt am Main
Schedule two departures per week in both directions
AD Ports signs deal to build logistics park at Alexandria Port
Cairo
The business will be developed with the Holding Company for Maritime and Land Transport
The Panama Canal is and will continue to be Panamanian
Davos
This was underlined by the president of the Central American nation, José Raúl Mulino
Autamarocchi acquires control of Dissegna Logistics
Trieste
The Rossano Veneto company operates in the intermodal transport sector
Rubboli (Assologistica): Italian ports need more efficient and coordinated governance
Milan
Port of Ravenna, incentives for the purchase of "green" port vehicles
Ravenna
Maximum ceiling of 300,000 euros for each beneficiary
PORTS
Italian Ports:
Ancona Genoa Ravenna
Augusta Gioia Tauro Salerno
Bari La Spezia Savona
Brindisi Leghorn Taranto
Cagliari Naples Trapani
Carrara Palermo Trieste
Civitavecchia Piombino Venice
Italian Interports: list World Ports: map
DATABASE
ShipownersShipbuilding and Shiprepairing Yards
ForwardersShip Suppliers
Shipping AgentsTruckers
MEETINGS
The annual assembly of Federlogistica will be held in Rome on January 21st
Rome
The theme is: "Intelligent Logistics. If Artificial Intelligence Breaks Into the World of Logistics"
A conference on the implications of geopolitical crises for ports and maritime transport in Venice on Thursday
Venice
It is organized by Ca' Foscari University and the AdSP of the Northern Adriatic
››› Meetings File
PRESS REVIEW
Kuwait approves Chinese company for port operations
(AGBI - Arabian Gulf Business Insight)
Iran signs over $1.8b investment contracts with private sector for ports development
(Tehran Times)
››› Press Review File
FORUM of Shipping
and Logistics
Relazione del presidente Nicola Zaccheo
Roma, 18 settembre 2024
››› File
20% of Omani Asyad Shipping Company's capital up for sale
Muscat
Listing on Muscat Stock Exchange expected
Order to Circle for the management of data relating to rail and intermodal traffic of a port
Milan
ANSFISA adopts guidelines for the assessment and risk management of the rail transport of dangerous goods
Rome
Over 217 kilos of cocaine seized in the port of Livorno
Leghorn
They were hidden in a container containing wood from South America
Merlo leaves the presidency of Federlogistica to Davide Falteri
Rome
Logistics - he underlined - is one of the drivers of the national economic system
Germany is studying a network of floating terminals for the import of clean hydrogen
Berlin
Memorandum of understanding signed by SEFE and Höegh Evi
The executive design service for the reclamation of the Molo Italia seabed in La Spezia has been awarded
The Spice
Fratelli Cosulich orders fourth methanol-ready unit
Genoa
It will be built by Taizhou Maple Leaf Shipbuilding
MSC Interested in Starting Shipbuilding and Repair Business in India
Gurgaon
Comparison with the naval engineering company Swan Defence And Heavy Industries
In Spain, a logistics network for rail transport of biofuel to ports is being studied
Madrid
Agreement between Adif and the Exolum Group
Luka Koper has ordered four new rubber-tyred gantry cranes from Konecranes
Coper
They will be the first vehicles powered exclusively by electricity at the Slovenian airport
LNG and bio-LNG bunkering vessel arriving at the port of Genoa
Genoa
It will be able to provide both "ship-to-ship" and "ship-to-truck" services
Last year, cargo traffic in Russian ports decreased by -2.3%
St. Petersburg
The largest volume of cargo, exports, fell by -1.9%
Höegh Autoliners secures two multi-year contracts for car transport
Oslo
Agreements with two car manufacturers with which it has been collaborating for years
Malta sees record cruise traffic in 2024
Florian
357 ships docked for a total of over 940 thousand passengers
Cavotec to provide electrification systems and technologies for Italian ports
Lugano
Three orders worth a total of seven million euros acquired
Pirate attacks on ships decreased by -3% last year
London
In the last quarter, an increase of +76% was recorded
COSCO Shipping Ports Sets New Annual and Quarterly Container Traffic Records
Hong Kong
In the whole of 2024, 111.9 million TEUs were handled (+5.7%)
Alberto Maestrini (VARD) elected President of SEA Europe
Brussels
The association represents the European shipbuilding industry
Molo Brin areas in Olbia handed over to Quay Royal
Construction of a marina for mega yachts is planned
Port of Singapore Sets New Container and Non-Oil Bulk Records in 2024
Singapore
The Asian port handled a total of 622.7 million tonnes of goods (+5.2%)
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