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gCaptain
operations February 4, 2026

CK Hutchison Begins Arbitration Against Panama Over Canal Ports

CK Hutchison's Panama Ports Company has initiated international arbitration against Panama following the annulment of its licenses to operate two ports at the Panama Canal, as reported by gCaptain. This legal battle, which involves significant operational stakes, may extend over several years.

Panama Canal (PA)
Splash247
fleet February 4, 2026

Pistiolis Orders 10 MR Tankers from Chinese Shipyard

Greek shipowner Evangelos Pistiolis has placed an order for 10 MR product tankers at Guangzhou Shipyard International in China, as reported by Splash247. The deal, valued at nearly $500 million, marks the first newbuilding contract in China for Pistiolis' Central Group.

Guangzhou Shipyard International (CN)
gCaptain
market February 4, 2026

US Refiners Face Challenges with Venezuelan Oil Surge

US Gulf Coast refiners are facing difficulties in processing the increased Venezuelan oil imports following a $2 billion supply deal between Trump and Maduro, as reported by gCaptain. Venezuelan exports have surged to 800,000 barrels per day, but the oil's prices remain less competitive compared to Canadian crude.

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