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.
TYPHOON CHANTHU: CHINA EVACUATES TENS OF THOUSANDS OF PEOPLE, CANCELS HUNDREDS OF FLIGHTS
China's Xinhua News Agency reported that the Chinese Ministry of Water Resources warned that Typhoon Chanthu with winds of 151km/h would bring gusts of wind and heavy rain to areas including Shanghai (Shanghai), Zhejiang (Zhejiang) and Jiangxi. To (Jiangsu) suffered heavy rainfall, ranging from 250 to 280mm before the storm made landfall.
According to the Shanghai Meteorological Center, Typhoon Chanthu is forecast to persist over the sea 100-200km east of Shanghai (Shanghai) from the night of September 14 to September 15 before weakening and moving to the northeast. out of town on September 16.
AFP news agency at least 28,000 people were evacuated in high-risk areas as Cyclone Chanthu approached the city on the evening of September 13. The storm caused waves up to 8 m high in the sea near Shanghai (Shanghai) in the afternoon of the same day.
According to Shanghai airport officials (Shanghai), all flights at the city's Pudong International Airport (Pudong) after 11 am (local time) were canceled due to bad weather. Similarly, flights at Hongqiao Airport (Hongqiao) in the west of the city after 3pm were also cancelled.
China's Maritime Safety Administration last week issued an alert to the southeastern province of Fujian, where the port of Xiamen is located, asking ships to adjust their maritime plans. and quickly leave the waters expected to be affected by the storm.
Ports in Shanghai (Shanghai) will stop all import and export services from September 13 until further notice. Ningbo Port (Ningbo), China's second largest shipping port after Shanghai (Shanghai), has also been closed since the afternoon of September 12, although it has only reopened after a week due to the impact of Typhoon In-Fa. in late July and the COVID-19 epidemic in mid-August.
Due to the influence of extreme weather the train from Shanghai (Shanghai), Xiamen (Xiamen), Ning Ba (Ning Bo) will be delayed. Glotrans will continuously and promptly update the latest information on train schedules and cargo status to customers.
Glotrans will continuously and promptly update the latest information on train schedules and cargo status to customers. Thank you for your understanding because of this force majeure situation, Glotrans always tries its best to bring the best service to customers.
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GLOTRANS SHOWCASES INTERGRATED LOGISTICS SOLUTIONS AT MTA VIETNAM 2026
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GLOTRANS 17 YEARS – PROUD OF OUR JOURNEY, MOVING FORWARD TO GREATER HORIZONS 15 August 2009 – 15 August 2026
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GLOTRANS – 17 YEARS OF CONNECTING AND REACHING FURTHER 15 August 2009 – 15 August 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.