The Panamax Post Friday 17th May

I noticed all the many bruises and cuts and scrapes that seem to have tattooed my limbs—battle scars of a true sailor that are telling the story of my journey

waves at sea

Good morning, and welcome to my daily Panamax Post column on a warm, bright and sunny morning here in London, a high of 21C later today, and a 2mph S breeze

With much in the news, I wish you good fixtures and safe travels until we meet here again on Monday. And now for the news before the headlines

As an industry in transition, the maritime sector is faced with massive challenges, including the most talked about digitalisation and decarbonisation and having enough skilled people for this transformation

All ships heading to Israeli ports will be targeted by Yemen’s Iran-backed Houthis and not just in the Red Sea region

Greek shipping tycoon George Economou has backed out of his proxy fight against Genco Shipping & Trading Limited

Global LNG demand is currently around 405m tonnes a year but this is likely to increase by more than 50% between now and 2040, according to figures released by POTEN & PARTNERS

The Baltic Exchange’s main sea freight index, slipped to its lowest level in nearly two weeks

Sea Pioneer Shipping Corporation has firmed up a pair of MR product tanker newbuilds

Hapag-Lloyd AG boss downplays importance of staying in liner top five

Ukrainian forces mounted a large-scale drone attack along the Russian Black Sea coast

Despite the large tranches of new container shipping capacity hitting the water in recent months, Asia-Europe services are still short of ships to the tune of almost 10%, according to Alphaliner

Ambitious coal deal expected to have little effect on bulk carriers as Drewry Shipping Consultants Ltd’s head of maritime research, doubts that the dry bulk market will feel the impact of the new G7 statement anytime soon

The European Union’s counter-piracy naval force, Operation ATALANTA, has transferred six suspected Somali pirates to Seychelles

Navigator Gas continues to grow, bags a higher profit in the first quarter and invests in two terminals

It’s been four months since an LNG tanker has passed through the narrow strait at the southern end of the Red Sea

A fire has torn through a marina in northwestern Croatia, destroying 22 boats

A Unified Command has been established to manage the response to the barge strike in Texas

Congressman Brandon Williams (R-NY) pressed the National Transportation Safety Board to examine every component of the boxship Dali’s electrical switchboards for signs of malicious code

Increase in water levels in the Canal de Panamá has sparked hopes of a potential return to normal operations for container shipping after over a year of restrictions due to a severe drought

 

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