Category: Headlines

New water reservoir planned for the Panama Canal

The Panama Canal Authority (ACP) is planning to build a new additional water reservoir to ensure the maximum passage of 36 ships per day even during periods of drought. The Indio River Reservoir project would become part of the existing artificial lakes and feed Lake Gatun, as well as providing a little more safety and a higher level of reliability for the route and the drinking water supply for the population. A law passed in 2006 previously prohibited the construction of additional water reservoirs outside of the country's own water catchment area. The Supreme Court of Panama has now authorised the construction of the new reservoir in order to increase water availability. To ensure that the project in the catchment area of the...

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St Petersburg: Significantly reduced parade for Navy Day

Western observers' questions about the surprising departure from Baltic waters of three Northern Fleet warships before St Petersburg Navy Day and the speculation surrounding a finding by the US Institute for the Study of War (ISW) about the threat posed by Ukrainian drones have now been answered: As the Russian daily newspaper Novye Izvestia announced on its online portal on the morning of 18 July 2024, citing information from the city administration of Saint Petersburg, the main naval parade, which takes place annually on "Naval Fleet Day" in honour of the Navy of the Russian Federation in Saint Petersburg, will this year...

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Annual press conference of the German shipbuilding and offshore supply industry

The VDMA (German Engineering Federation) Marine Equipment and Systems division answered questions from the press at the Hafen-Klub Hamburg. Dr Jörg Mutschler, Managing Director of Marine Equipment and Systems, had invited the Chairman of the Executive Board Martin Johannsmann (SKF Marine GmbH, Hamburg) and Executive Board member Dr Lars Greitsch (Mecklenburger Metallguss GmbH, Waren) as well as Executive Board member Hauke Schlegel as discussion partners. The outlook for the shipbuilding suppliers was good for the future, with turnover rising by 5.8 per cent to EUR 11.3 billion in 2023. With order intake stagnating in 2023, however, good capacity utilisation is expected due to investments in climate-neutral shipping. However, according to the repeatedly...

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Baltic Sea 'Hop and Go' of a Russian Navy task force

The departure of three warships from the Russian Navy's Northern Fleet from the Baltic Sea before the St. Petersburg Navy Day, which came as a surprise to Western observers, is causing speculation. The nuclear-powered submarine "Tambov" (Victor III class), the Udaloy-class destroyer "Admiral Levchenko" and the landing ship "Ivan Green" left the Baltic Sea on 14 July, although their participation in the Russian Navy Day parade in St. Petersburg had been announced. Previously, the submarine and the destroyer had been observed heading south in the Great Belt on 6 July, at that time accompanied by the ice-capable ocean-going tug "Nikolay Chiker". When the trio entered the Western...

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Nicaragua - Construction stop for rival canal

Dem bisherigen Projektbetreiber Hong Kong Nicaragua Canal Development Investment (HKND) wurde durch die nicaraguanische Nationalversammlung per Gesetzesänderung die Konzession für den Bau und die Lizenz für den Betrieb entzogen. Das ohnehin stark verzögerte Konkurrenz-Projekt zum Panamakanal ist zwar (noch) nicht endgültig beendet, sondern vorerst in staatlicher Hand.[ds_preview] Planung Gründe für die Auflösung des Vertrags wurden nicht genannt, allerdings ist ein Zusammenhang mit finanziellen Problemen des chinesischen Unternehmers durch sinkende Kurse an der chinesischen Börse herstellbar. Ursprünglich hätte der Kanal bereits 2019 fertig gestellt sein sollen. Nun hieß es von Regierungsseite, das Verkehrsministerium werde die Verwaltung der Kanalbehörde übernehmen. Kanalführung...

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