The Panamax Post Wednesday, 24th July

“To reach a port, we must sail – sail, not tie at anchor – sail, not drift”

ship at sea with the sun setting at its baground

Good morning, and welcome to my daily Panamax Post column on a brighter start to Wednesday here in Spot Ship HQ London, currently 19C and a high of 25C later, with a 4mph SSE breeze. We are set fair.

With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines.

The crew of a modern freezer-longliner were forced to abandon ship off the coast of the Falkland Islands yesterday, and local accounts report that at least eight lost their lives in “extremely challenging” weather conditions.

The Baltic Exchange’s main sea freight index slipped to its lowest level in more than a month on Tuesday as rates for the capesize vessel segment fell.

The latest data from broker Braemar showed that in the second quarter China managed to break all records for dry.

Ukrainian forces attacked a ferry terminal at the Russian port of Kavkaz on Tuesday.

A new video circulating online shows an alleged attack on the M/V Pumba in the Red Sea using an Uncrewed Surface Vessel (USV) seemingly loaded with explosives.

Martin Helweg is stepping down as chief executive of P&O Maritime Logistics, a unit of Dubai-based ports and logistics giant DP World.

Following the UK government’s decision to sanction Russian insurance provider Ingosstrakh earlier this year, West of England UK P&I Club has warned it may be constrained in its ability to provide cover for members.

Salvatore Mercogliano, Ph.D. – discusses the successful defense of the containership MV Pumba – video.

Five days after a fire broke out on its maiden voyage, the blaze on the Maersk Frankfurt off Goa was finally doused yesterday.

Tradeshift’s Q2 Index of Global Trade Health reveals that the recent recovery in global trade activity is beginning to level off.

Almost all of the services from the top 10 container lines have diverted via the Cape of Good Hope and escalation of Houthi attacks would have little impact according analyst Linerlytica.

A story of skilled seamanship being aided with modern technology is being recounted by tanker company International Seaways, Inc. and manager Anglo-Eastern.

Recent developments in the Red Sea and surrounding waterways suggest that the threat to international shipping from Yemen’s Houthis is growing.

The Global Freight Forwarding 2024 Report from Ti Insight shows that the global freight forwarding market continues to normalise.

Singapore-based liner operator sealead shipping has set up a new leadership team following a change in ownership earlier this year.

On Tuesday, a whale struck and swamped a fishing boat off the coast of Portsmouth, New Hampshire, sending two fishermen into the water.

 

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