“Reality is merely an illusion, albeit a very persistent one”
Good morning, and welcome to my daily Panamax Post column on another bright sunny morning here in London, with an expected high of 21C.
With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines.
The economic effects of the Houthi strikes against Red Sea shipping became evident with the Port of Eilat’s request for financial assistance from the Israeli government following an 85% decline in volumes.
Bad weather off South Africa are continuing to disrupt most shipping in the region with forecasters warning of more storms to come.
The Baltic Exchange’s main sea freight index snapped its five-session losing streak, helped by higher rates across all vessel segments.
PSA Singapore has been grappling congestion caused by the Red Sea crisis and has been reactivating berths that had been previously been closed down.
Engine spares are a common item to be stolen from vessels boarded by sea robbers in Singapore and hashtag Malacca Straits raising the possibility of a black market for such parts.
The landscape of offshore wind generating capacity in the United States is undergoing significant changes following the cancellation of two major projects in New Jersey last year.
Singapore shipyard group Seatrium has secured another long-term repair and upgrade contract this time with Teekay Shipping Australia.
Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion.
The International Maritime Organization has announced the recipients of the 2024 IMO Award for Exceptional Bravery at Sea award, the highest recognition for bravery in the maritime industry.
Two services out of Rotterdam form the foundation of Europe’s first container feeder network powered by green methanol.
About 1.7m customers remained without power in Texas on Wednesday morning, two days after Hurricane Beryl made landfall, slow progress has hampered efforts to restore critical oil infrastructure.
Saltchuk Resources has completed its takeover of the Jones Act tankers and oil tug barges owner and operator, Overseas Shipholding Group (OSG).
The shipping industry is continuing to take its early steps toward the integration of wind-assisted propulsion into long-distance ocean shipping.
Eighteen Filipino seafarers were safely evacuated from a general cargo vessel that began to list excessively in the Atlantic Ocean.
The Russian nuclear monopoly Rosatom continues working on the design of its own semi-submersible vessel for heavy cargo transportation.
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