It is the set of the sails, not the direction of the wind that determines which way we will go
March 27th 2024
Good morning, and welcome to my daily Panamax Post column
It was a beautiful morning for the dog walk, chilly but bright and blue skies in London, unlike the South Coast where they woke to snow
The remainder of the day in London, will see dramatic changes and we are forecast 49mph SSW gusts, and a high of 11C with some rain
With an afternoon of offsite meetings and much in the news, I wish you good fixtures and safe travels, until we meet here again on Tuesday, after the Easter Holiday
And now for the news before the headlines
The catastrophic bridge collapse that closed the Port of Baltimore to ship traffic is unlikely to trigger a major new U.S. supply chain crisis. Vehicles accounted for 42% of imports at the Port of Baltimore in 2023
Cash-rich MSC Mediterranean Shipping Company has followed in the footsteps of CMA CGM by getting into the media business
Insurers Apollo Global Management, Inc. Munich Re and Tokio Marine have teamed up to offer brokers additional capacity of up to $75m per vessel
Indian crew praised for alerting authorities about power issue before Baltimore Bridge incident
Strong growth and expansion period has prompted Trans Global Projects (TGP) to make new additions to its team in Bremen
Salvatore Mercogliano, Ph.D. discusses the allision between MV Dali and the Baltimore Key Bridge and updates on the situation
Shipping tycoon John Fredriksen could move some or all of his shipping business from Oslo to Cyprus
Alarming new figures show that the number of sewage spills into England’s rivers and seas by water companies more than doubled in 2023
Investors are talking about seven to ten companies that have submitted a non-binding offer for DB Schenker. It is believed that Maersk and DSV – Global Transport and Logistics have submitted bids
Soaring prices for dry bulk ships have grabbed the most headlines in the S&P scene this month
Successful investment in shipping is all about timing,” says Mark Jackson
Dive search teams have been picking carefully through the wreckage of the Francis Scott Key Bridge
Payment delays for crude reduce revenue to the Kremlin
Global shipping firms are looking for ways to lower their carbon footprints
Roll Group has taken a step closer to expanding its heavy transport capacity with its first barge
Blue Water Shipping, has closed the year 2023 with a profit of $21m, up from $12m reported in 2022
Shipping companies lost $1.44bn in combined EBIT in the fourth quarter of 2023
Cruise company Carnival Corporation has announced record revenue and all-time high bookings in the first quarter of 2024
Auto Plus Mol is buying into Fleetzero
Experts are predicting strong participation in the New England regional offshore wind energy solicitation
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