A new "freshwater" charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up to $370 million a year, marking another blow for maritime companies already hit by fallout from the coronavirus.
European Union finance ministers added Panama, the Seychelles, the Cayman Islands and Palau to the EU's blacklist of tax havens, while giving Turkey more time to avoid being listed, an EU document said on Tuesday.
Panamanian sprinter Virjilio Griggs has been handed a four-year ban for falsifying results in an attempt to gain entry to the 2017 world championships, the Athletics Integrity Unit (AIU) said on Monday.
The Baltic Exchange's main sea freight
index inched up on Friday and registered its first weekly gain
in ten weeks as firm panamax vessel rates outweighed losses in
the coronavirus-hit capesize segment.
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