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Panama Canal transit increased by 2.8% in January despite tensions
According to a report by the Panama Canal Authority, which was seen on Friday, there has been a 2.8% rise in vessel 'transits' in the first four months of the fiscal year. According to the report, most of the traffic increase was registered by tankers transporting energy products such as liquefied gas (LNG), dry bulk carriers and car carriers. This growth represents?114 more transits than the same period a previous year, to?a maximum of 4,156 vessels during the four-month span. The report states that the demand remained?solid?despite increased global trade volatility and new tariffs. The report said that "Tanker (transits)," a measure of the volume of goods transported, increased 11.2%. This was due to an increase in shipments from United States, due to a higher demand from South Korea, Mexico and Guatemala for fuels and Methanol, as a result from trade agreements and tariff reductions. Analysts predict that more vessels will be passing through Panama carrying U.S. LNG to reach?destinations? in Asia if the Strait of Hormuz?problems persist amid the U.S. - Iran conflict. This is already forcing vessel reroutes. The Panama Canal is "operating in a reliable and stable manner" despite geopolitical uncertainty, increasing steadily the number of transits daily and maintaining predictable service levels for our clients," it said. After the U.S. - Iran conflict, the authority didn't provide specific statistics but stated that it was monitoring maritime trade.
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Gol, a Brazilian airline, will launch new long-haul routes out of Rio using the A330.
Gol's Chief executive announced that the Brazilian airline will be using Rio de Janeiro's Galeao International Airport as its hub to receive the new Airbus A330 900 aircraft joining the fleet. Gol operated Boeing 737s exclusively until now. Celso Ferer, Gol's CEO, said that the new aircraft will be followed by a new route direct between Rio and New York beginning in July. He made this statement at an event in Galeao with Brazil's president Luiz inacio Lula. The firm released a statement later that said, "The merger between two 'key tourism and business centers in South and North America opens up a range of options and possibilities for customers throughout the continent." The airline will initially receive five A330-900s. These are wide-body aircraft that can fly routes up to 15 hours long. The company will gradually integrate the planes into its fleet between 2026-2027. Sources had told us earlier that Gol was going to announce 'Galeao Airport' as the hub of its new Airbus A330900. Ferrer stated that Gol will also offer direct flights from Rio to Paris, Lisbon and other European cities starting late this year. Sources said that Gol had sought slots in major European cities, such as Porto and London. However, not all of these will be destinations. (Reporting by Gabriel Araujo and Luciana Magalhaes in Sao Paulo, Rodrigo Viga Gaier in Rio de Janeiro; Editing by Deepa Babington)
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Pentagon and FAA will conduct tests on high-energy laser anti-drone system in New Mexico
The Pentagon announced on Friday that it would 'conduct tests with the Federal Aviation Administration in New Mexico this weekend of high-energy lasers used to combat threatening drones. The Pentagon stated that "this upcoming event will address FAA safety concerns, while gathering data on the material effects of lasers on aircraft surrogates. It will also validate the functionality and safety shutoff systems for automated safety, as well as inform analyses to ensure the safety of aircrews' eyes." On February 25, the U.S. Military erroneously shot down a government-owned drone using a laser-based system. The 'FAA expanded the area around Fort Hancock in Texas where flights were banned after the 'FAA announced on February 18 that it would halt all flights at the airport near El Paso for 10 days, only to reverse its decision and lift the order after eight hours. Bradbury, the U.S. deputy transportation secretary, said in an interview on Friday that the FAA must test the system to "get comfortable" with its limitations, and how it could be adjusted or controlled. Bradbury stated that the FAA was determined to create a framework so they are confident in the safety of the airspace with the system being used and won't need to sign-off on individual uses. Bradbury stated that they were working fast to complete the safety assessment. Bradbury said that both parties had a critical job to complete. After a classified briefing, lawmakers said that the incidents demonstrated a need for'significantly improved coordination. Ted Cruz, Chair of the Senate Commerce Committee, said: "It was clear that there were challenges when it came to operationalizing counter-drone technologies." (Reporting and editing by David Shepardson)
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US agency to insure maritime losses up to $20 billion in Gulf
U.S. International Development Finance Corporation announced on Friday that the U.S. would provide reinsurance for losses of up to $20 billion in the Gulf region. This will help oil and gas shipping companies maintain confidence during the war against Iran. The President Donald Trump ordered on Tuesday the DFC to provide financial guarantees and political risk insurance for maritime trade within the Gulf. This was after the transit of?oil tankers and liquefied gas tanks had come to a standstill in the Strait of Hormuz, which is located off Iran. DFC stated that the coverage would be rolled out and initially focused on cargo, hull and machinery insurance. DFC did not provide any details, but said that it would work with preferred American insurance companies. The U.S. Treasury Department, DFC and U.S. Central Command are working together to determine the next steps in the plan. The Strait has been largely blocked by oil shipments. Some tankers have been damaged?by strikes, while others are stranded. War-risk insurance premiums have increased and some providers have reduced or removed coverage. (Reporting and editing by Louise Heavens, Chizu Nomiyama and Chizu Nomiyama.
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Bloomberg News reports that Boeing is close to a 500-jet order with the Trump-Xi Summit.
Bloomberg 'News, citing sources familiar with the situation, reported that Boeing is close to announcing a 500 aircraft order for 737 Max Jets. This will be announced when U.S. president Donald Trump makes his first state visit to China in 2017. According to the report, both sides are in negotiations for a widebody deal that would include 'about 100 Boeing 787 Dreamliner and 777X jets. Boeing did not respond immediately to a comment request. In afternoon trading, shares of the company rose 3.7%. Trump will visit China between March 31 and April 2. Xi is expected to visit Washington in later this year. The move comes after Trump threatened to restrict the export of Boeing parts to China in response to Chinese restrictions on rare earth minerals. Beijing ordered Chinese airlines in April to stop temporarily?taking delivery of new Boeing 'jets during their clashes over trade with Trump. Following Trump's visits, the planemaker has also landed several major sales from foreign airlines.
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The Swedish Coast Guard boards a suspected stateless vessel in the Baltic Sea
The Swedish Coast Guard said that it had boarded a vessel suspected of being stateless in Swedish waters on Friday and was conducting 'investigations'. The Coast Guard said that it had boarded a vessel at 3:50 pm today with an unclear flag, and was therefore suspected to be a stateless boat. The Caffa ship was flying a Guinean flag but, based on international and national legislation, the coast guard deemed the vessel a stateless vessel. The Swedish police said the ship had been suspected of sailing under a false banner. Caffa, a general cargo vessel measuring 96 meters long, is tracked by the ship tracking service Marine Traffic. Carl-Oskar BOHLIN, Sweden's civil defence minister, stated in a blog post on X, that the ship 'was a cargo on Ukraine's sanction list' "The ownership structure of the vessel is unclear, and there is suspicion that it is not insured." Bohlin wrote that the ship was reported to have switched from a Russian flag to a Guinean one as recently as this summer. The Coast Guard said that it had launched a preliminary investigation regarding alleged violations of maritime law in relation to lack of seaworthiness. The Coast Guard will have personnel on board to collect information about the vessel's condition and the crew, conduct searches and interviews, it said. (Reporting and editing by Cynthia Osterman; Greta Rose Fondahn)
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US Customs Agency says system for refunding tariffs will be available in 45 days
A customs official stated in a Friday court filing that the U.S. Customs Agency is preparing a system to refund tariffs imposed by President Donald Trump, which were ruled illegal. Brandon Lord, a Customs and Border Protection officer, made the declaration as government lawyers and a federal trade court met to try and hammer out an agreement for the return of $166 billion worth of tariff payments to 330,000 importers. Last month, the Supreme Court ruled that President Donald Trump's tariffs were unconstitutional. The Supreme Court, however, did not specify how tariffs collected should be refunded. This left'small importers' worried that the process would be costly and time-consuming. Lord stated in his declaration that the new process would require importers to submit minimal information. This was just as the government lawyers were meeting with Judge Richard Eaton of the court. Eaton convened the meeting to discuss the process by which the government would implement its sweeping order, issued on Wednesday. The order directed the CBP that it refund tariffs to hundreds of thousands of potential importers through the existing internal CBP processes. Eaton stated in his order on Wednesday that he was?appointed by a trade court to hear approximately 2,000 lawsuits brought by importers, including FedEx and L'Oreal, seeking refunds. Trade lawyers claimed that these lawsuits were only the tip of a very large iceberg. They said thousands more would be prepared to sue in the future if the government did not develop an automatic refund system. On Friday, affiliates of Nintendo and CVS were the latest big companies to file for refunds. IMPORTERS GET A SINGLE PAYMENT Lord stated in a court filing that CBP expected importers file a declaration on the computer system ACE of the CBP detailing tariff payments. This declaration would be validated and then refunds with interest processed. Importers wouldn't have to sue. The Treasury Department would pay each importer a single amount, no matter how many separate entries they had made. Lord didn't estimate the time it would take for the refunds to be processed, but he said that the CBP wouldn't be able comply with Eaton’s order as of Wednesday. Eaton envisioned refunds being 'automatically returned to the importers using the existing system, without documentation or input by the importer. Lord explained that the existing system was not suitable for the task. It would require too much manual work, which would prevent the personnel from completing the mission of the agency. He said importers paid an estimated $166 Billion in tariffs for more than 53 Million shipments. Eaton's orders would have forced?the agency manually to review all paperwork for every shipment. Lord estimated that this would take more than 4,000,000 hours of labor. Lord's declaration indicated, however, that only a few importers were signed up to the CBP's electronic refund system. Lord said that out of the more than 330,000 importers, who paid illegal duties, only 21423, signed up for the electronic refunds system which was implemented on February 6. Eaton oversees a lawsuit filed by Atmus Filtration Inc., which is being used as a tool by the judge to order CBP refunds to all importers. (Reporting from Tom Hals, Wilmington, Delaware. Additional reporting by Luc Cohen and David Lawder in Washington. Editing by Deepa Babyington.)
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South Bow: US-Canada policy shift could boost Keystone XL prospects
The company that is behind a plan for a revival of the Keystone XL?pipeline?system in order to increase Canadian oil exports into?the United States hopes a 'North -American policy shift towards energy development' will shield its project from political and regulatory obstacles which led to its cancellation by 2021. Bevin Wirzba, CEO of Canadian pipeline operator South Bow, said that the world has changed significantly since U.S. president Joe Biden canceled Keystone XL's permit after years of Indigenous and environment opposition. Wirzba stated that the policy environment in North America has been much more positive. He said that the war in Iran and the conflict in Ukraine underscore the need for energy safety. Wirzba stated on a conference call that "these realities are an excellent backdrop for us to possibly provide a solution." South Bow, the company that was created by former Keystone XL promoter TC Energy to take over their oil pipeline business in 2024, is looking at reviving a portion of the existing line in Alberta. It already has all Canadian?permits. South Bow would not build the U.S. portion of the pipeline, which is similar to Keystone XL. Instead, it would partner with U.S. companies. It is not known how and where the pipeline segments will be connected. However, the ultimate goal of the project is to transport 55,000 barrels per day of Canadian oil from the Canadian coast to the U.S. Gulf Coast. REVIVAL COMES TO THE US AND CANADA MOVES TO SPEED PERMIT Donald Trump, the U.S. president, has been trying to accelerate energy project approval times in order to boost domestic oil production. The proposed pipeline would need a presidential permit to cross the Canada-U.S. Border. Mark Carney, the Prime Minister of Canada, is relying on the energy industry to boost the country's economy. He has pledged to accelerate the permitting process and to drop some climate legislation, which the oil industry claimed was impeding their growth. Wirzba stated that Carney's actions have a materially shifted the needle towards considering a pipeline project. He said South Bow has launched an open season to gauge commercial interest in new space for pipelines, and, more broadly, the confidence of the Canadian oil industry in its ability grow production in the upcoming years. Wirzba refused to reveal the cost of its proposed project, which South Bow calls the "Prairie Connector pipeline", or when construction would begin. He said that many Canadian oil sands firms have stated they intend to increase production materially in the next three to five year.
As flights to the Middle East cease, governments plan repatriations
Commercial flights have been grounded in some parts of the Middle East due to an escalating conflict after U.S. and Israeli attacks on Iran. This has left foreigners stranded and prompted governments to plan for repatriations.
Here is what government officials, airlines and governments have said regarding repatriation plans.
AUSTRIA
Austria's Foreign Ministry?said that it had helped 117 vulnerable citizens leave the UAE and Israel through neighbouring countries and planned a charter flight for?170 passengers from Muscat on 4 March. It warned, however, that travellers would have to take land departures at their own risk.
BULGARIA
GullivAir and Bulgaria Air, as well as the State Aviation Operator, returned Bulgarians from Dubai and Abu Dhabi on March '4 and '5 including a GullivAir flight with 326 seats from Dubai and a Bulgaria Air Boeing 737 via Oman. A 90-seat government plane from Abu Dhabi was also included.
CZECH REPUBLIC
According to CTK and government officials and the Czech news agency, three flights have been organised from Oman, Jordan, and Egypt for 175 people who are stranded.
ESTONIA
On March 4, the Estonian foreign ministry announced that it had organized a flight from Muscat to Oman on March 5. This would be open to Estonian citizens living in Oman or the United Arab Emirates.
EUROPEAN UNION
The European Commission announced that it is now coordinating the repatriation of citizens under the EU Civil Protection Mechanism, as more and more member countries request assistance to evacuate their citizens from the Middle East.
Austria, Belgium Bulgaria, Cyprus Czech Republic, France Italy Luxembourg, Romania, Slovakia, and Slovakia are the countries that have activated this mechanism. A spokesperson for the EU said that ten flights with over 1,000 EU citizens had already landed in Europe.
FINLAND
The?foreign minister said that Finland would organise one single flight to bring home the approximately 3,000 Finns currently living in the United Arab Emirates. The flight will leave Muscat, Oman on 8 March.
Finnair announced on 6 March that it would be operating flights from Muscat in Oman to Helsinki, to help customers stranded at Dubai get home. The first flight will take place on March 10 with additional flights scheduled later in the week.
FRANCE
The French Foreign Minister said that several flights to bring back French nationals who are estimated to number around 400,000 in the area were scheduled for March 4.
France has deployed consular teams to Israel's border with Egypt and Jordan in order to facilitate the land exits for people who want to fly onward. A similar mechanism has been put in place in the UAE, at the borders with Oman, Saudi Arabia and Oman, where airspace remains open.
GERMANY
Johoann Wadephul, German Foreign Minister, announced that two more flights, each carrying about 250 passengers, are planned for the 5th and 6th of March from the Gulf after the first flight landed in Frankfurt on March 5. The commercial air traffic has increased, and Germany is evaluating how it can offer more support.
GREECE
Greece announced on 6 March that it had repatriated on 5 March 315 nationals who were in Abu Dhabi, Dubai and Jerusalem. Earlier this week, 162 people had returned to the Middle East.
HUNGARY
The foreign ministry of Hungary said that 87 people had been repatriated from Amman in Jordan on March 4. Another flight carrying 88 passengers is scheduled for March 5.
On March 6, a flight will depart from Sharm es Sheik in Egypt. Hungary signed a deal with Flydubai to rent a plane on March 5 and 6 for Hungarians returning from Dubai. On March 7 and 8, Hungary will be departing from Riyadh in Saudi Arabia with two flights.
The Italian Foreign Ministry said that about 2,500 Italians had returned from Abu Dhabi and Riyadh on commercial flights organized by the ministry.
The consulate has increased its staff in Oman and in the UAE, and it is also coordinating the return of large groups from the UAE, and other transiting via land through Qatar Kuwait Bahrain and Saudi Arabia. Additional Italians living in Oman Israel the Maldives, Thailand and Oman are receiving assistance or being given priority for transport.
Netherlands
The Dutch Ministry of Foreign Affairs announced that repatriation from the Middle East would resume on 6 March. Flights include a KLM flight to the Omani capital Muscat and a TUI service from Sharm el-Sheikh in Egypt.
POLAND
Operational Command of the Polish Armed Forces reported that the first group of Polish citizens evacuated from the Middle East by military airlift arrived in Poland early on 6 March morning.
PORTUGAL
The foreign ministry of Portugal said that a charter TAP flight carrying 140 Portuguese and eight foreigners would land at Lisbon at 11 am local time on March 6th.
ROMANIA
The Romanian Foreign Ministry announced on 4 March that FlyDubai had scheduled two flights from Dubai to Bucharest for March 4 and 5. The ministry has received over 3,000 requests for repatriation and there are around 16,000 Romanians in the region.
SERBIA
Air Serbia's flight from Sharm el-Sheikh landed at Belgrade in the early hours of March 4 with 67 passengers. All were evacuated from Israel.
SLOVAKIA
The Slovakian government has "conducted six repatriation flight with 248 passengers. Of these, 189 were Slovaks and the remainder of different nationalities. The Foreign Ministry announced late Thursday that eight additional evacuation flights from Jordan, Oman, and Saudi Arabia were scheduled by the end the week.
SLOVENIA
The prime minister's office announced that on March 3 four buses were organized by Slovenia to transport Slovenian citizens, including families with children, from Dubai to Muscat Airport in Oman.
Two more flights are scheduled for the afternoon and evening of March 4.
Jose Manuel Albares, the Foreign Minister of Spain, announced on March 3 that Spain had begun to evacuate its citizens from the Middle East. On March 3, evening, more than 175 Spanish citizens arrived in Abu Dhabi via Istanbul. Further flights are expected to arrive from the UAE.
Albares said that Spain would also reinforce its embassies located in the UAE and Saudi Arabia to support and facilitate future repatriations.
SWEDEN
Sweden will charter an aircraft to bring 180 Swedes back home who have been identified as vulnerable. The flight is scheduled to leave Dubai on 7 March.
THAILAND
Thailand will evacuate its citizens from Iran to Turkey by land on 7th and 10th March, while those stranded are either returning to their home countries or will do so once the airspace is reopened.
UNITED ARAB EMIRATES
State news agency WAM reports that the UAE Civil Aviation Authority will start operating "special flight" across all airports in the country to assist some of the tens and thousands of passengers stuck in the region.
UNITED KINGDOM
The British Foreign Office announced that British chartered flight will leave Oman on 5 March after technical delays on 4 March, prioritising vulnerable UK citizens who want to depart the region.
(source: Reuters)