Confronting a storm is like fighting God. All the powers in the universe seem to be against you and, in an extraordinary way, your irrelevance is at the same time both humbling and exalting
Good morning, and welcome to my daily Panamax Post column. It’s a mild morning, currently 15C with a high of 19C later, remaining cloudy with a little sun
With much in the news, I wish you good fixtures and safe travels.
And now for the news before the headlines
Following the announcement of the dissolution of the 2M alliance the division of services was rapid, but since the beginning of this year the collaboration has regained momentum with an increase in joint MSC and Maersk services
European naval operation recommends vessels sail 150 nautical miles further east to avoid Yemeni drones
The world’s first biomass-fuelled ship is set to be developed by group of shipping and energy businesses from Japan and the UK under a new MoU
US President Joe Biden has imposed new tariffs on goods including electric vehicles, batteries, and semi-conductors imported from China
The US ban on imports of the fuel for nuclear power plants begins in about 90 days, although it allows the Department of Energy to issue waivers in case of supply concerns
The Baltic Exchange’s main sea freight index that tracks rates for ships carrying dry bulk commodities slipped to a more than one-week low on Tuesday, pressured by weaker demand across all vessel segments
President Biden has announced plans to impose 25% tariffs on Chinese-manufactured ship-to-shore (STS) cranes and other strategic sectors in a move to curtail China’s unfair trade practices
A 91-foot crabbing vessel named North American sank at a pier in Seattle early Tuesday morning, triggering a response from the U.S. Coast Guard and several other agencies
UK politicians have followed in the path of their Australian counterparts in voting for a live animal export ban
The product tanker carrier, owned by BW Group, profits from turmoil in the Red Sea and pays out 80% of net profits in dividends
C2X, which is owned by APM Holding and Maersk, has acquired a stake in Sungas Renewables
Hyundai Merchant Marine (HMM) has reported increased earnings in the first quarter due to doubled container freight rates
The booming fortunes are mainly due to the war in Ukraine, which has sent tanker rates soaring, writes Forbes. Here are the 12 richest Greek shipping moguls
The NTSB has released its initial factfinding report on the allision of the boxship Dali with the Francis Scott Key Bridge
Hapag-Lloyd notes a setback in the first three months of the year, though longer trips south of Africa create calm about capacity prospects
Anglo’s hand was forced by BHP’s bid – which it has twice rejected – but the move also responds to pressure from shareholders to shed less profitable businesses and focus on the copper assets that are the envy of the industry
John Fredriksen’s SFL Corporation has bagged new contracts and extensions for its boxships from Maersk
After the attention paid to the sanctioned freighter Sparta IV and other ships in the Ghost Fleet, Russia’s covert military logistics vessels may be starting to get more cautious
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