“The fishermen know that the sea is dangerous and the storm terrible, but they have never found these dangers sufficient reason for remaining ashore”
Good morning, and welcome to my daily Panamax Post column.
Thank you to Mike Robarts FICS and SPNL – Shipping Professional Network London, great event yesterday in London, sponsored by DNV. Very informative and interesting session
It’s a dry day here in London, 14C with a high of 19C later and an 11mph W breeze, a fine day for sails
With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines
Anglo American on Wednesday said it had rejected an improved and final takeover offer from rival mining group BHP worth $49 billion
Western Bulk expects its growing panamax team to become profitable at the end of this year
Russia Proposes Controversial Review of Maritime Zones in the Baltic SeaRussia has riled up its western neighbours with a new proposal to re-draw it
Two connected shipping companies, Prive Overseas Marine and Prive Shipping Denizcilik Ticaret, have admitted to knowingly violating the Act to Prevent Pollution from Ships (APPS)
Eight carriers reported their highest operating margin since 2010, not counting the pandemic years. HMM tops the list
Cadeler, world’s largest wind shipyard confirms $400m purchase of turbine installation ship to capitalize on the growth in offshore wind
Eastern Pacific Shipping Pte. Ltd. plans to employ 10,000 people by 2030. The carrier is on a trajectory to grow its staff by 4,000. Chief exec Cyril Ducau
Flag states pursuing deals to prevent detention of shadow fleet while Dark fleet facilitators are attempting to persuade flag states to turn a blind eye to their operations
The Black Sea container market has undergone significant disruption, with Ukraine at the forefront of these changes
Transit times between Asia and the Mediterranean surged by 39% from January to March 2024, compared to the preceding six months
After six consecutive quarters of falling profits, container lines rebounded in the first quarter 2024 with rate support from geopolitical disruption
It took a long time, but the stretched-out legal case over the lethal MSC Mediterranean Shipping Company Flaminia incident has ended in a $290m settlement
In an unusual sign of strength in the crude tanking sector, five-year-old Suezmaxes have become more expensive than newbuilds
Independent terminal operator SSA MARINE has appointed Nicolas GAUTHIER as President of its global container division as it reorganises its business
NatPower Marine and Peel Ports Group have announced plans to establish the first green shipping corridors between Ireland and the UK
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