“There is nothing more enticing, disenchanting, and enslaving than the life at sea.”
Good morning, and welcome to my daily Panamax Post column on a pleasant but cooler London morning than of late. With a high of 21C and an 8mph WNW breeze we are set fair.
Further West, in the Atlantic and heading for the Caribs, Hurricane Beryl is now the strongest and the earliest category 4 hurricane on record. We wish our seafarer’s safe passage and safe harbour.
With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines.
Newbuild prices are on track to surpass the peaks achieved in 2008.
Sweden has joined the list of countries seeking to ban scrubber water discharges in their waters.
Salvatore Mercogliano, Ph.D. – discusses the situation of the Gaza Pier and whether the US will continue to conduct its Joint Logistics Over the Shore Operation in Gaza.
Brent crude futures rose 16 cents, to $85.16 a barrel, while US West Texas Intermediate crude futures were at $81.71 a barrel, up 17 cents.
In a concerning new development for the security of merchant shipping in the Red Sea, a bulker has reported an encounter with a large swarm of suspicious small craft off the coast of Yemen.
The Arctic ban on use and carriage of highly polluting heavy fuel oil (HFO) – became law today, some 13 years after a similar regulation started in the Antarctic.
The U.S. Department of State has announced sanctions on three United Arab Emirates (UAE) companies and eleven tankers over their involvement in the transportation of Iranian petroleum or petrochemical products.
The Capesize market experienced an eventful week despite starting off quietly with the BCI 5TC dropping by $409 to $25,650.
In the second such announcement within a month, the Canal de Panamá revealed further easing of draught and transit limits for the critical trade corridor.
The Houthis are preparing to deploy more drone boats packed with explosives in their ongoing campaign against merchant shipping.
Idan Ofer’s Eastern Pacific Shipping Pte. Ltd. has added one LR2 tanker newbuild to its large orderbook.
Additional tonne-miles in 2024 could smash records, according to new analysis from Clarksons Research.
Mitsui O.S.K. Lines, Ltd. made a strategic investment in Alistair Group, a Tanzania-based cross-border logistics company serving Sub-Saharan Africa.
The U.S. Department of the Interior has announced that it would hold an offshore wind energy lease sale in the Central Atlantic during the summer.
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