PANAMA CANAL TO FURTHER REDUCE DRAFT LIMIT FOR NEOPANAMAX VESSELS
The Panama Canal will further reduce the maximum allowable draft for Neopanamax vessels from late August 2026 as water levels in Gatun Lake continue to decline.
GLOTRANS PARTICIPATES IN VILOG 2026 – STRENGTHENING CONNECTIONS AND EXPANDING INTERNATIONAL PARTNERSHIPS
Recently, Glotrans participated in the Vietnam International Logistics Exhibition (VILOG 2026), held at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City.
As one of the largest specialized logistics events in Vietnam, VILOG 2026 brought together over 450 enterprises from 22 countries, along with numerous logistics associations, transport companies, shipping lines, supply chain solution providers, and international agency networks.
During the exhibition, the Glotrans team actively engaged in networking activities, met with both domestic and international partners, discussed cooperation opportunities, and kept up to date with the latest trends in the Logistics and Supply Chain industry.
The event also provided an opportunity for Glotrans to showcase its capabilities in delivering integrated logistics solutions, while expanding its global partnership network, aiming to enhance service quality and deliver greater value to customers.
Participation in VILOG 2026 once again affirms Glotrans’ strategic direction of proactive integration, expanding international connections, and continuously strengthening its competitiveness in the logistics sector.
Glotrans would like to sincerely thank our valued customers, partners, and organizations for taking the time to meet and connect with us throughout the exhibition.
We look forward to continuing our collaboration with our partners in upcoming projects.
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GLOTRANS NATIONAL DAY HOLIDAY ANNOUNCEMENT 2/9/2026
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The Insured’s Duty to Prevent and Mitigate Losses
Company T (Plaintiff – the Insured) entered into an insurance contract with Company B (Defendant – the Insurer). After the insured event occurred, the Insurer alleged that the Insured had violated its obligation to prevent and mitigate losses. The Arbitral Tribunal acknowledged that such an obligation exists but concluded that the Insured did not breach it.
Insurance Contracts Do Not Automatically Terminate Due to Late Premium Payment
Under the insurance contract, the premium was to be paid in three installments, and in all three, the insured party was late in payment. When a dispute arose, the insurer (Defendant) argued that the insurance contract had terminated before the insured event occurred due to the late premium payment and therefore refused to make an insurance payout. However, the Arbitral Tribunal held a contrary view.