The Panamax Post Wednesday 21st February

Good morning, and welcome to my daily Panamax Post column. A rainy 9C morning here in London and the morning dog walk was wet but a perfect way to start the day

With much in the news, I wish you good fixtures and safe travels, and now for the news before the headlines

Tim Huxley, chairman of Mandarin Shipping Limited, one of the best known names in Hong Kong shipowning circles, has given his take on the markets for the Year of the Dragon

WAYZATA INVESTMENT PARTNERS LLC Partners is behind what brokers at Cleaves Securities have coined as the deal of the week, as International Seaways swoops for six MRs

Oil prices regained some ground in early Asian trade, as investors weighed concerns over output cuts by key producers and attacks on shipping in the Red Sea against dimmed expectations of U.S. rate cuts

Trinidad and Tobago hired two remediation and salvage firms to help clean up an ongoing oil spill off Tobago

The Houthis accelerated their attacks after a lull claiming four efforts in the past 24 hours 

Two of Denmark ’s largest shipping companies are ready to take business out of Denmark if the beneficial seafarer tax subsidy scheme is eliminated

Hours after the European Union Council confirmed the launch of its Red Sea defensive mission, France ‘s armed forces reported the first actions 

After over 200 ships were involved in a case in 2022 involving the delivery of poor quality bunker sold by Glencore, the Maritime and Port Authority of Singapore (MPA) tightens the requirements for the oil being delivered

UK and Scndinavian insurers have said it is possible to buy back cover just days after advising cancellations

The Greek-flagged bulk cargo vessel arrived in the southern Yemeni port of Aden on Tuesday after being attacked in the Red sea 

Russia agriculture minister said that Moscow had completed its initiative of shipping 200,000 metric tonnes of free Grain to six African countries

An estimated 500,000 Victoria residents were left without electric service after the Loy Yang A power station fell offline after a powerful storm

CO₂ makes the world Greener adding more than the area of Australia in green leaves in 20 years

The Port Authority of Rotterdam had a solid year financially, with revenue increasing by 1.9%

HHLA Hamburger Hafen und Logistik AG has reported an 8.3% decrease in Group revenue to €1.44 billion ($1.55 billion)

CMA CGM has taken the delivery of the CMA CGM MERMAID, the first ship in a series of 10 new 2,000 TEU containerships powered by Lng

“K”​ line (Kawasaki Kisen Kaisha, Ltd) Kaisha, Ltd) has reported that it has bought the company Airseas of France

Oil rises; markets weigh Red sea attacks, US rate cut

BYD is planning to put seven new car carriers into operation in the coming two years

Thank you to Adis Ajdin Marcus Hand Vijay Krishna The Maritime Executive Marine and offshore insight gCaptain