Panama Canal

How drought in Central America is pushing up the cost of living in Australia

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月曜日, 8月 28, 2023

What does a drought in Central America have to do with Australia’s cost of living?

Key Points: 
  • What does a drought in Central America have to do with Australia’s cost of living?
  • Quite a lot, if the drought affects the Panama Canal.
  • The 425 square kilometre Gatun Lake was built in the early 1900s to store water for the Panama Canal.

The impact of delays

    • We see it in the prices we now pay for the goods we buy.
    • Supply chain disruptions are only one of the many reasons why the cost of living is going up.
    • My own report last year on food supply chains warned about the impact of global warming and the likelihood that disruptions in supply chains would lead to increased food prices.

What has the Panama Canal got to do with Australia?

    • You may wonder how something as far away as the Panama Canal can affect Australian retail costs.
    • The answer is that today’s supply chains are global and interconnected.
    • A 2021 study by the Productivity Commission on supply chains noted they are complex.
    • It said
      modern supply chains often rely on inputs from across the globe and can consist of thousands of firms.

Shortages are reflected in prices

    • Each firm’s shortages or surpluses have an impact on prices.
    • If those suppliers sell to Australia, we end up paying higher prices too.
    • Given extreme weather is becoming more common, and affecting our cost of living, what should be our response?

A proposed course of action

    • Most important of course is to reduce our contribution to global heating.
    • If governments do not meet their targets for emissions reduction the problems and costs will multiply.
    • This would mean having more suppliers, all using different chains, so that if one fails, we have other options.

China's ties to Cuba and growing presence in Latin America raise security concerns in Washington, even as leaders try to ease tensions

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金曜日, 7月 7, 2023

There is a push by leaders in Washington and Beijing to get U.S.-China relations back on track.

Key Points: 
  • There is a push by leaders in Washington and Beijing to get U.S.-China relations back on track.
  • U.S. Secretary of State Antony Blinken met with President Xi Jinping in China in June 2023 to reopen the lines of communication between the countries.
  • And Treasury Secretary Janet Yellen is spending four days in China, beginning July 6, 2023, to try to stabilize U.S.-China economic ties.
  • But work to steady security issues between the two countries, a longtime point of contention, may have a longer horizon.
  • Such moves reflect efforts by China to grow its influence in Latin America and the Caribbean.

Too close for comfort

    • China’s planned spy base and military training facility in Cuba would be located near the U.S. naval station in Guantanamo Bay, home to several U.S. military facilities like U.S. Southern Command in Miami and U.S. Central Command and U.S. Special Operations Command both in Tampa, along with their various component commands.
    • The facility would allow Chinese intelligence officers to better intercept sensitive military information transmitted between U.S. military commands, track senior U.S. diplomatic and military leaders as they travel across the region, monitor U.S. naval and commercial ship movement and gain details about U.S. military exercises, conferences and training with various Latin American and Caribbean countries.
    • The facility could also bolster China’s use of telecommunications networks to spy on U.S. citizens.
    • U.S. officials have long suspected Chinese telecommunications companies Huawei and ZTE of setting up servers and network equipment around the world, including in Cuba, to help the Chinese government collect sensitive information about local government leaders and private citizens.
    • Chinese companies have also either built or operate 12 space research facilities in South America that can be used for legitimate space research.
    • But U.S. and other officials have voiced concern that these same sites could be used to spy on U.S. satellites and intercept sensitive information.

Illegal Chinese police

    • Chinese police forces are a growing presence as well.
    • In April 2023, the FBI arrested two Chinese citizens for allegedly operating an illegal police station in New York City’s Chinatown.
    • According to The New York Times, the men allegedly harassed Chinese dissidents living in the U.S. China allegedly operates 100 of these police outposts around the world.
    • In fact, the U.S. has banned some of these companies out of concern they spy for the Chinese government.

Decades of growing influence

    • Meanwhile, a major source of conflict between the U.S. and China is the supply of the drug fentanyl.
    • In April 2023, the Biden administration declared fentanyl an emerging threat to U.S. national security.
    • The fentanyl global supply chain often ends on U.S. streets, but it begins in various pharmaceutical company labs in China.
    • The China-Cuba connection is just one example of how the Chinese government and Chinese companies have been expanding their influence on America’s doorstep for decades.

Holland America Line's 'Unforgettable Journeys Event' Brings More Experiences and Significant Savings for Guests

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水曜日, 6月 28, 2023

SEATTLE, June 28, 2023 /PRNewswire/ -- Holland America Line is making it more affordable for travelers to see the world with a new "Unforgettable Journeys Event" that includes some of the best values on cruises to five continents. Running from June 28 through July 31, 2023, the offer is available on departures from October 2023 through April 2024 and adds several popular perks and amenities to the journey.

Key Points: 
  • "Travelers are looking for offers that provide significant savings or include add-ons to enhance their experience, and our newest promotion does both."
  • Crew Appreciation: Prepaid stateroom gratuities for crew members is included for the first and second guests in a stateroom.
  • With Holland America Line's most popular Wi-Fi package, guests can visit their favorite sites, including email, news, sports and more.
  • For more information about Holland America Line, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.com .

UnCruise Adventures Unveils Exciting New Routes and Deployment Changes for 2024 and 2025

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木曜日, 6月 15, 2023

UnCruise Adventures, the trailblazing small-ship adventure cruise line, is thrilled to announce a series of deployment changes and updates set to commence in early 2024 and extend into 2025.

Key Points: 
  • UnCruise Adventures, the trailblazing small-ship adventure cruise line, is thrilled to announce a series of deployment changes and updates set to commence in early 2024 and extend into 2025.
  • In its pursuit of new and exciting itineraries, UnCruise Adventures will bid farewell to three beloved cruise routes by early 2024 to make way for new routes.
  • Fall and Winter 2023 will be the last available bookings for these destinations with UnCruise Adventures.
  • Having exhibited consistent growth and profitability over the years, UnCruise Adventures proudly leads the industry in small ship expedition adventures.

VIKING ANNOUNCES NEW EXPEDITION VOYAGES IN THE ARCTIC

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木曜日, 5月 25, 2023

LOS ANGELES, May 25, 2023 /PRNewswire/ -- Viking® (www.viking.com) today announced three new summer season expedition voyages in the Arctic. Debuting in July 2025, the new itineraries, which range from 13 to 27 days, explore the polar north in Canada and Greenland, with two of the three voyages visiting the Canadian High Arctic.

Key Points: 
  • LOS ANGELES, May 25, 2023 /PRNewswire/ -- Viking® ( www.viking.com ) today announced three new summer season expedition voyages in the Arctic.
  • "Our guests are curious travelers who are eager to explore new and different regions of the world, in Viking comfort," said Torstein Hagen, Chairman of Viking.
  • Join Viking on a fascinating voyage exploring the Canadian High Arctic to undiscovered territories beneath the skies of the midnight sun.
  • Enrichment On Board and On Shore: Viking has created the world's leading scientific enrichment environment in an expedition setting.

After Successful Pre-Sale Period, Holland America Line Opens Bookings to the Public for 2025 Grand World Voyage and First-Ever Grand Voyage: Pole to Pole

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水曜日, 5月 24, 2023

With the Grand Voyage: Pole-to-Pole and Grand World Voyage both departing in January 2025, this will be the first time that Holland America Line is offering two Grand Voyages of more than 120 days simultaneously.

Key Points: 
  • With the Grand Voyage: Pole-to-Pole and Grand World Voyage both departing in January 2025, this will be the first time that Holland America Line is offering two Grand Voyages of more than 120 days simultaneously.
  • Holland America Line has officially opened bookings to the public for its two newest Grand Voyages.
  • "We craft one-of-a-kind itineraries that resonate with our world voyage guests, as indicated by pre-bookings on these cruises," said Beth Bodensteiner, Holland America Line's chief commercial officer.
  • Cruise fares for the 2025 Grand World Voyage begin at $24,999, while cruise fares for the 2025 Grand Voyage: Pole to Pole begin at $26,399, both per person, double occupancy.

Princess Cruises Adds Coveted Opportunity for Guests to Experience 2024 Total Eclipse

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水曜日, 4月 5, 2023

SANTA CLARITA, Calif., April 5, 2023 /PRNewswire/ -- Princess Cruises is altering an itinerary aboard Emerald Princess in April 2024 to give guests sailing the Mexican Riviera the rare opportunity to experience a complete solar eclipse at sea.

Key Points: 
  • SANTA CLARITA, Calif., April 5, 2023 /PRNewswire/ -- Princess Cruises is altering an itinerary aboard Emerald Princess in April 2024 to give guests sailing the Mexican Riviera the rare opportunity to experience a complete solar eclipse at sea.
  • The total solar eclipse is one of the three remaining worldwide this decade, and the one visible from North America until 2044.
  • Princess has adjusted its 15-day ocean-to-ocean Panama Canal cruise aboard Emerald Princess after selling out the 10-Day Mexican Riviera cruise with Total Solar Eclipse on Discovery Princess.
  • Additional information about Princess Cruises is available through a professional travel advisor, by calling 1-800-PRINCESS (1-800-774-6237) or by visiting the company's website at www.princess.com .

Holland America Line Set to Explore South America, Antarctica and the Amazon River in 2024-2025

Retrieved on: 
月曜日, 4月 3, 2023

SEATTLE, April 3, 2023 /PRNewswire/ -- From the colossal glaciers of Antarctica to the lush jungles of Brazil, Holland America Line's 2024-2025 South America season explores the diverse landscapes of the continent on destination-rich itineraries. From November 2024 through March 2025, Oosterdam offers cruises ranging from 14 to 22 days that visit exotic ports and offer once-in-a-lifetime experiences like visiting the Inca ruins of Macchu Pichu, rounding Cape Horn and sailing south to the world's most remote continent.

Key Points: 
  • The ship will traverse the two-toned meeting of the waters and journey along the Amazon River.
  • This cruise adds a legendary voyage to Holland America Line's roster of itineraries that allow travelers to explore the world with a short drive or flight to departure.
  • "Holland America Line's South America cruises continue to attract travelers looking for those memorable experiences like the Amazon, Macchu Pichu and Antarctica, and South America delivers not only cultural immersion but also some of the most spectacular scenery in the world," said Beth Bodensteiner, chief commercial officer, Holland America Line.
  • For more information about Holland America Line, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.com .

Holland America Line Adds Boston, Bermuda and Longer Itineraries for 2024-2025 Caribbean Season

Retrieved on: 
木曜日, 3月 30, 2023

SEATTLE, March 30, 2023 /PRNewswire/ -- Holland America Line's 2024-2025 Caribbean season opens for booking today, and the premium cruise line is continuing its trend of longer, more immersive cruise itineraries with the introduction of three new voyages that are 14 and 21 days. Also new for this season is adding Boston, Massachusetts, as a Caribbean departure port — in addition to Fort Lauderdale, Florida — and the return of calls at Bermuda.

Key Points: 
  • "Holland America Line is meeting the desire of our guests who want more immersive experiences, and we're excited to offer new itineraries and a new departure option for this Caribbean season," said Gus Antorcha, Holland America Line's president.
  • Six Holland America Line ships will head to the Caribbean — including two Pinnacle Class ships — with the majority of itineraries roundtrip from Fort Lauderdale.
  • Nearly all itineraries feature Half Moon Cay , Holland America Line's award-winning private island in the Bahamas boasting the finest beach in the Caribbean.
  • For more information about Holland America Line, consult a travel advisor, call 1-877-SAIL HAL (877-724-5425) or visit hollandamerica.com .

Dorian LPG Ltd. Announces Delivery of 2023-Built Dual-Fuel VLGC HLS Diamond Under Long-Term Time Charter

Retrieved on: 
木曜日, 3月 23, 2023

STAMFORD, Conn., March 23, 2023 /PRNewswire/ -- Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), one of the world's largest owners and operators of modern and ECO very large gas carriers ("VLGCs"), is pleased to announce that it took delivery of the 2023-built Dual-Fuel LPG Carrier HLS Diamond, which is the second dual fuel LPG carrier to join the Dorian LPG fleet, on long-term time charter.

Key Points: 
  • STAMFORD, Conn., March 23, 2023 /PRNewswire/ -- Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), one of the world's largest owners and operators of modern and ECO very large gas carriers ("VLGCs"), is pleased to announce that it took delivery of the 2023-built Dual-Fuel LPG Carrier HLS Diamond, which is the second dual fuel LPG carrier to join the Dorian LPG fleet, on long-term time charter.
  • She will trade in the Helios LPG Pool which we operate jointly with MOL subsidiary, Phoenix Tankers.
  • HLS Diamond is able to transit the old Panama Canal locks, reducing delays and costs compared to the new Panama Canal.
  • The Company does not assume any obligation to update the information contained in this press release.