“The sea is a teacher, offering lessons in patience, resilience, and the art of navigation”
Good morning, and welcome to my daily Panamax Post column on a dreadfully miserable, cloudy wet London with a high of 22C.
With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines.
Rescue officials in Taiwan are searching for a cargo ship with nine crew members that has sunk off its southern coast due to Typhoon Gaemi.
A tanker carrying industrial fuel oil has capsized and eventually sank 3.6 nautical miles off Lamao Point in the Philippines due to rough seas.
The Baltic Exchange’s main sea freight index was down for the fourth straight session, tracking a fall in rates for the large capesize shipping vessels.
Russia’s first oil shipment of the year is traveling through the nation’s Northern Sea Route toChina, with more vessels expected to follow suit.
Hafnia is in discussions with the Maritime and Port Authority of Singapore (MPA) to find a safe location to transfer cargo from the HafniaNile involved in a collision with the Ceres I last week.
The INDIAN COAST GUARD (ICG) continues to battle to extinguish the fire on board the Maersk -chartered container ship which killed one crew member.
The containership fleet’s capacity has surged by 1.6m TEU since the beginning of the year and has seen an 11% year-over-year increase to 29.5m TEU.
Russia loaded a fourth sanctioned tanker owned by state-run PAO Sovcomflot PJSC, testing the resolve of G7 nations who’re attempting to clamp down on the fleet of ships moving Moscow’s oil.
Europe’s seaborne crude condensate imports in July (days 1-31) are observed at 10.5mbd, the lowest level since October 2021.
Spot fuel oil premiums extended gains in Asia, backed by strength in the derivatives market where buying activity gathered pace and led to a firmer market structure.
The UK-based UK P&I Club West has warned its ship owning customers that it may not be able to pay out in the event of a casualty involving a vessel insured by Ingosstrakh.
MSC Mediterranean Shipping Company has added 400,000 teu to its fleet this year alone.
Oil sheen in water following collision involving Hafnia ship off Singapore.
CSSC Zhejiang Linhai JIANGNAN Shipyard and Yangzijiang Shipbuilding Holdings inked orders for up to eight very large ammonia carriers VLACs with AW SHIPPING LIMITED and Nissen Kaiun.
The Port of Hodeidah in western Yemen in areas controlled by the Houthi militants resumed operations after the Israeli strikes.
The SOCIETY OF INTERNATIONAL GAS TANKER AND TERMINAL OPERATORS LIMITED is looking for a new CEO after its current top executive stood down as he battles cancer.
LogisticsMatter? Podcast: Svilen Rangelov of DRONAMICS talks about how cargo drones increase efficiency and cross border delivery with Martijn Graat.
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