The sea speaks to those who can hear its ancient song
Good morning, and welcome to my daily Panamax Post column on a very wet and overcast morning here in London, with rain throughout, 7mph WSW breeze and a high of 20C.
With much in the news, I wish you good fixtures and safe travels until we meet here again on Monday, and now for the news before the headlines.
For the first time in history there are now more than 2,000 capesizes trading around the world, doubling in size over the past 14 years.
Container freight rates continue to trend upwards with Q3 looking like it will be one of the most profitable quarters in liner history.
A new study by Gard AS shows that a worrying 11% of crew fatalities recorded on its insured fleet in the five years between 2019 and 2023 were due to suicide
The Ukraine launched a drone attack on the port of Novorossiysk.
The Baltic Exchange’s main sea freight index fell to a one-week low, dragged by weaker demand across all vessel segments.
The recent rise in the drybulk freight market has reinforced shipowners’ “appetite” for more second hand bulkers.
Hurricane Beryl ripped through the Caribbean this week. Among the widespread devastation, the cost to boating communities – whether for leisure or business – has been extremely high.
Almost 90% of container ships arrive in Singapore off-schedule, a significant increase from 77% in 2023, according to Transport Minister Hong Tat Chee.
At least one so-called VLCC, capable of hauling two million barrels of oil is already sailing from the Middle East to Europe.
The contract between the largest shipping group in Greece and Seatrium is for two years with a one-year renewable option includes the retrofit of 10 to 15 vessels a year from Angelicoussis Group’ fleet of LNG carriers.
DP World and Zhejiang Seaport JISU Co., ltd. Group hace announced a new strategic partnership that will focus on attracting shipping companies to establish additional routes between the two ports in UAE and China.
Berlin has banned the sale of MAN Energy Solutions’ gas turbine business to a Chinese ship building business.
CDB LEASING CO.,LTD’s $8.6bn in shipping assets across 230 vessels may change hands as China Development Bank explores a sale of its leasing arm.
The potential abolition of the French tonnage tax regime is causing significant concern within the industry as early legislative elections reignited a debate started with the Finance Bill for 2024.
OOCL has won the “2024 Asian Freight, Logistics and Supply Chain (AFLAS) Awards – Best Green Shipping Line” for the second time.
Winning International Group Pte Ltd has moved to further bolster its West Africa to China seaborne trade with an order for six very large ore carriers worth nearly $700m.
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