“To desire nothing beyond what you have is surely happiness. Aboard a boat, it is frequently possible to achieve just that. That is why sailing is a way of life, one of the finest of lives”
Good morning, and welcome to my daily Panamax Post column on another beautiful morning here at Spot Ship HQ London, with a high of 30C in the forecast, it’s going to be a great day
With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines
EU has released its 14th package of sanctions in a decisive step aimed at increasing pressure on Russia. THE package adopted directly designated 27 ships and those transporting military equipment and stolen grain from Ukraine
The unstable geopolitical conditions in the Red Sea have forced container ships from Asia to circumnavigate Africa, approaching Cosco Port terminals in Spain and northern Europe instead of Piraeus
The Baltic Exchange’s main sea freight index fell to its lowest level in two weeks, pulled down by weaker capesize and panamax vessel rates
As liner operators become desperate for ships, charter rates have hit the $150,000/day mark
Reederei Horst Zeppenfeld has exited the container markets, with Alphaliner reporting the sale of the 1,341 teu Algol to Element Shipmanagement S.A.
Shipyards are making the most of the current newbuilding boom with new data suggesting the number of active yards has leapt by 17.7% in the last two years
The International Transport Workers’ Federation (ITF) and seafarers’ unions around the world are demanding immediate action to ensure the safety of seafarers in the Red Sea
Nippon Yusen Kaisha Limited has agreed with Indonesian Pertamina International Shipping Pte Ltd to collaborate in the field of liquefied carbon dioxide (LCO2) and liquefied natural gas (LNG) and jointly establish a ship management company
Sanctions on shipping companies are undermining safety at sea and pose dangers for trade as ship standards are impacted
Tight shipyard capacity and the fear of missing out are driving values well beyond the likelihood that outlay can be recouped in earnings, writes Plamen Natzkoff from Maritime Strategies International
Venezuela’s state oil company, PDVSA, has begun using tankers that navigate off radar to supply its closest political ally, Cuba, as a fleet of state-owned vessels that have historically covered the route dwindles
Crowley Maritime has formally christened its long-awaited electric harbor tug, the eWolf, in a ceremony in San Diego
A recreational fisherman has been fined $34,000 for multiple breaches of the rules of the Dover Strait Traffic Separation Scheme
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