The maritime world is a testament to human collaboration, where different flags unite under the banner of trade and connection
Good morning, and welcome to my daily Panamax Post column on a bright 14C morning here on London.
Wishing our friends and clients in America a very happy 4th of July celebration!
With much in the news, I wish you good fixtures and safe travels.
And now for the news before the headlines.
MSC Mediterranean Shipping Company has become the first liner to command a 20% global market share since Maersk momentarily hit such heights for a few months in early 2018.
The Baltic Exchange’s main sea freight index snapped its five-session gaining streak on Wednesday.
Hurricane Beryl, the earliest Category 5 hurricane on record in the Atlantic, has killed at least six people in the Caribbean and is heading towards the Yucatan Peninsula.
Attacks by Iran-backed Houthi militants on the Red Sea have reinvigorated piracy networks in Somalia, with criminal groups growing in both number and force, a European naval commander said.
High tonne-mile demand as a result of tankers diverting round the Cape of Good Hope has underpinned crude and product tanker deadweight demand growth of 5.5% and 4.5% respectively so far this year.
Attacks on merchant shipping in the Red Sea by the Houthis are growing in number, range, and sophistication, despite continued destruction of their assets by coalition forces.
A complaint to the European Commission, by a local politician hopes to put an end to Hamburg’s sale of almost half of its terminal operator to MSC Mediterranean Shipping Company.
Maersk Supply Service price has skyrocketed, and the company has become worth $415m more in 16 months. The shipping company has just changed hands for the second time in a year and a half.
Federal Maritime Commission labels HMM as state controlled. The announcement from the US Maritime authority means that the country will keep a close eye on the South Korean shipping line.
Wilson ASA, a prominent player in the European short sea shipping market, has signed a significant contract to construct eight future-proof new buildings.
Dominik Stehle has decided to leave his position as Chief Commercial Officer (CCO) at United Heavy Lift GmbH & Co. KG and rejoin the project logistics specialist deugro.
Salvatore Mercogliano, Ph.D. – discusses the attack on MV Transworld Navigator by an unmanned surface vessels and the decision of the Philippines Department of Migrant Workers to prohibit their mariners from signing aboard ships sailing through the Red Sea, Bab el-Mandeb and Gulf of Aden.
With a growing orderbook that is already at record levels and an overheated charter and secondhand market, the container shipping segment is going through rapid changes.
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