“Sometimes in the waves of change we find our true direction”
Good morning, and welcome to my daily Panamax Post column on a brighter and drier morning here in London after yesterday’s downpours. Currently 14C, a high of 19C and a 3mph S breeze.
With much in the news and a new week ahead of us, I wish you good fixtures and safe travels. And now for the news before the headlines.
The EU naval mission protecting ships crossing the Red Sea said its frigate Psara had destroyed two unmanned aerial vehicles in the Gulf of Aden.
Salvatore Mercogliano, Ph.D. discusses the impact of Beryl as it makes landfall in Texas and its impact on shipping and the ports of Corpus Christi and Houston.
In the latest “In the Know” podcast series, TME spoke with the Port Director for the New York/New Jersey port complex.
Iran’s most advanced self-built warship “Sahand” has capsized
Iron ore price at 4-week high on firm near-term demand, China stimulus hopes.
A 50,000 dwt product tanker went aground on coral heads in the Cayman Islands, prompting an emergency response.
The Philippines has turned down offers from the United States to assist operations in the South China Sea, after a flare-up with China over missions to resupply Filipino troops.
India is planning to finalize a pact with Zambia on geological mapping and mineral exploration in the resource-rich African nation endowed with copper, zinc, nickel, gold, and cobalt. This initiative aims at securing access to these resources and bolstering bilateral ties.
PM Modi will pay a two-day visit to Russia to attend the 22nd India-Russia Annual Summit that will review the entire range of multifaceted ties between the two countries.
A new inland shipping company has been established by the Dutch-based Amer Shipping and MSG eG.
Diana Shipping Inc. has won an extension for the time charter contract with Nippon Yusen Kabushiki Kaisha (NYK Line) for one of its newcastlemax vessels.
After a search spanning more than two days and covering hundreds of miles in the Pacific, the U.S. Coast Guard was informed that the suspected missing hcrew member was found safe aboard his ship.
Trade disruptions have had a significant impact on tanker rates this year, limiting supply, boosting rates and thus leading to a handful of ships being scrapped.
Clean LR2 MEG LR2’s saw just enough demand to keep rates stable this week.
The threat of port strikes across North America continues to send jitters across already stressed supply chains.
The Texas ports, which include the largest energy terminals in the US, said they would be closed on Monday 8 July as the US Coast Guard set port condition Zulu.
Tor Olav Trøim-backed floating liquefied natural gas specialist Golar LNG has entered into definitive agreements with Pan American Energy for a 20-year deployment of an FLNG vessel in Argentina.
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