“The sea speaks a language polite people never repeat. It is a colossal scavenger slang and has no respect”
Good morning, and welcome to my daily Panamax Post column on another wet 14C morning here in London, with rain forecast throughout the day, a 10mph W breeze and a high of a low 16C
With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines
The Red Sea now faces a new and unexpected threat – Unmanned Undersea Vehicles (UUVs) deployed by the Houthi rebels in Yemen
CMA CGM is earning more money on land, while Maersk continues to struggle. Maersk could change strategy if it buys DB Schenker (analyst).
ZIM Integrated Shipping Services reports quarterly results today with much anticipation in the market
The Baltic Exchange index diped on lower capesize rates in DryBulk Market
After a tumultuous year in 2023, the reefer sector has started 2024 on a stronger footing as healthy crops in the Southern Hemisphere have helped to lift growth
Britain declared sanctions against three firms and an individual over what it refers to as the unlawful “arms-for-oil” trade
The recent surge in spot rates is boosting container shipping equity prices significantly. Consequently, the Drewry Shipping Consultants Ltd Container Equity Index rose by 19.0% YTD 2024 (ending 16 May)
John Fredriksen has been dethroned by another prominent shipowner on the list of UK’s richest people
Edda Wind had ”significant” issues with its gangway systems during the first quarter
Wylfa on Anglesey has been chosen as the preferred site for a large-scale nuclear power plant, the UK government said. The site was bought from previous developers Hitachi Energy who abandoned plans for a new reactor in 2019
Authorities in Japan have reported an unusual case of cargo hold asphyxiation aboard a bulker at Ishinomaki
The Georgia Ports Authority reported a record 80,600 units of Roll-on/Roll-off cargo in April, a 44% increase compared to the same month last year
The VLCC tanker market softened last month, OPEC said in its latest monthly report
Danish shipping giant DS NORDEN has bolstered its dry bulk fleet with a pair of hashtag newcastlemaxes from Idan Ofer’s stable
A handful of oil tankers that had entered the waters off southern Greece to transfer Russian petroleum were forced to depart again after the local navy re-issued a notice that it would carry out exercises in the area
The Port of Brunswick, Georgia, which had the largest autoport by space in the U.S., achieved its largest month ever in April
Small island states secured a climate win at the International Tribunal for the Law of the Sea/Tribunal international du droit de la mer effectively the world court for the ocean
Havfram has signed a contract with Iberdrola for the installation of 21 Siemens Gamesa wind turbines in the Baltic Sea
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