The greatest treasures are hidden beneath the restless waves
Good morning, and welcome to my daily Panamax Post column on a rather cool 16C morning here in London, with a high of 23C and a 12mph W breeze. We are set fair for the weekend
With much in the news, I wish you good fixtures and safe travels until we meet here on Monday. And now for the news before the headlines
Another commercial vessel has been hit by one or more Houthi suicide drones in the Red Sea, according to the Royal Navy’s UK United Kingdom Maritime Trade Operations (UKMTO) office
The Baltic Exchange’s climbed to its highest level in one and a half months on Thursday, buoyed by strong demand in capesize vessels.
The Dangote Refinery, the newest and largest facility of its kind in Africa, reports that it sustained a “minor fire”
A merchant vessel reported being hit by a projectile in the Red Sea off the coast of Yemen on Thursday, British security firm Ambrey said.
Global manufacturing activity and freight are showing signs of a recovery, which could support petroleum consumption and prices later in 2024.
KVH Industries, Inc., announced an expanded relationship with STARLINK through a bulk data distribution agreement which offers KVH increased flexibility in the development and sales of custom, cost-effective airtime plans using Starlink’s mobile priority service
The Canal de Panamá Authority is accelerating its efforts to build back capacity at the canal while also providing for increased vessel draft as the region is now in the rainy season
MSC Mediterranean Shipping Company has picked up a 15% stake in Genoa airport
Francois Cadiou, 65, has stepped down as chairman of broker BRS Shipbrokers to be replaced by the company’s CEO, Gilbert Walter
CIMC Enric announced the world’s first order of fuel tanks for a liquid ammonia-powered bulk carrier via is subsidiary Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd
The city of Amsterdam in the Netherlands has reached an agreement on steps to begin limiting the number of cruise ship calls at the port as of 2026
An Indonesian freighter with a past history of port state bans has caught fire and sunk in the Java Sea, according to Indonesia’s sea transport directorate
The lending portfolios of the top 40 banks lending to shipping at the dawn of 2024 stood at $284.27bn, compared to $282.89bn at the end of 2022, reversing slightly the downward trend since 2011
The Baltic Arrow, a cargo ship stranded in the River Nene ambridge shire, was safely freed and reached its destination.
Ocean Integrity Group has just sent samples of polyester textile pellets back to the United Kingdom for testing, recycled from fast fashion garments.
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