On a day when the wind is perfect, the sail just needs to open and the world is full of beauty
Good morning, and welcome to my daily Panamax Post column on a below average 14C, here in London with heavy cloud. A high later of 20C and a 9mph NW breeze.
Maritime in Minutes runs through the editors’ picks from the news in June 2024 including, “Being a nice guy doesn’t pay in container shipping” and The biggest Posidonia ever : Marcus Hand.
With this and much in the news, I wish you good fixtures and safe travels, and now for the news before the headlines.
The Baltic Exchange’s main sea freight index, hit its highest level in nearly two months as capesize vessels gained on robust demand.
A.P. Moller – Maersk withdrew its bid for DB Schenker, the logistics unit of Daimler AG BW-Bank Deutsche Bahn AG that’s been reported to be valued at more than €15 billion and paves way for DSV – Global Transport and Logistics to enter its final takeover stage.
Integrity Bulk Aps has been sold to Centurion Bulk.
COSCO SHIPPING SPECIALIZED CARRIERS (SOUTHEAST ASIA) PTE. LTD have taken delivery of its latest vessel, the Green Vitoria, a 77,000-ton multipurpose wood pulp carrier.
Sarens, heavy lifting and specialised transport, completed the relocation of two Rubber Type Gantries (RTGs) for the Armadale Line Upgrade Alliance.
A dry cargo ship, Lady Ayana transporting wheat from Russia to Tunisia ran aground off the coast of Istanbul according to Demirören Medya.
Blue Water Shipping’s Energy, Ports and Projects division delivered a shipment of crucial cargo for Pennecon’s airport construction project, Greenland.
Authorities in Greece are investigating the death of a British sailor, who was discovered floating in the sea with head injuries.
Hurricane Beryl strengthened as it churned toward the Caribbean’s Windward Islands, threatening devastating flooding and storm surges as life-threatening high winds picked up.
Supply for both the dry bulk and tanker markets could be on the rise in the coming months and years, not only as a result of robust newbuilding ordering activity, but also because of a lack of demolitions.
A feeder capacity shortage could emerge in the short to medium term, according to broker Braemar, as new regulations mix with geopolitics and the resulting economics of disruption.
For more than four years, South Korea’s flagship carrier has been known officially as HMM, a rebrand that seemingly has been lost on regulators in Washington.
Green ammonia production in Egypt is a step closer to reality after heads of terms were agreed for an offtake agreement with Yara Clean Ammonia.
Figures by the European Union’s statistics agency, Eurostat, show that Turkey resumed importing oil from Iran in March this year nearly four years after it cut shipments to zero to comply with US sanctions on Tehran.
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