Any fool can carry on, but a wise man knows how to shorten sail in time
Good morning, and welcome to my daily Panamax Post column on a cold 13C wet London morning with a high of 19C, a big change to the 21C we had in London last evening.
With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines.
The recent International Energy Agency (IEA) report forecasting a decline in oil demand by the end of this decade has raised concerns regarding the outlook of the product tanker market (Drewry Shipping Consultants Ltd).
Euronav will be officially known as CMB.TECH from October this year following approval of the change at a shareholders’ meeting.
China has deployed its indigenously developed ‘Shandong’ aircraft carrier near the Philippines.
Norway’s DOF Group will pay approximately $1.1bn to acquire Maersk Supply Service further consolidating the offshore service sector focusing on the oil and gas sector.
Germany’s Lürssen shipyard, builder of large, luxury yachts, was struck by a fire early on Tuesday, July 2, at its yard in Schacht-Audorf alongside the KielCanal.
The Baltic Exchange Index rises for fifth straight day on strong capesize demand in Dry Bulk Market.
British Marine, the trade association for the UK leisure, super yacht and small commercial marine industry, has appointed Robert Parton CMM as its new President.
Lloyd’s Terminal and Infrastructure division has adopted a new brand name: Hanseatic Global Terminals.
The cost of shipping cargo containers from India to Europe has firmed up after major carriers raised rates from 1 July.
Global trade trends turned positive in Q1 2024, with goods and services trade increasing by 1% and 1.5% respectively, driven by the US, China, and India, according to UN Trade and Development (UNCTAD)’s July trade update.
Dutch offshore construction player Heerema Marine Contractors has been awarded contracts for work on offshore wind farms in the Baltic Sea.
SLB’s OneSubsea has won a sizeable contract for 13 wellsets plus associated equipment and services in the development of the Kaminho project offshore Angola from French energy major TotalEnergies.
Belfast-based shipbuilder Harland & Wolff has temporarily suspended trading of its shares due to delays in filing audited accounts
On Tuesday, the China Coast Guard seized a Taiwanese fishing vessel at a site off the coast of Kinmen, an outlying island governed by Taiwan.
Saudi Arabian liner newcomer Folk Maritime is pressing ahead with ambitious growth targets in a deal with Bahri | البحري Ship Management.
A large section of St. John’s River turned white yesterday afternoon, prompting huge concern among the public.
Russia continues to push forward with the rapid renewal and expansion of its icebreaker fleet.
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