“To reach a port we must set sail. Sail, not tie at anchor. Sail, not drift”
Good morning, and welcome to my daily Panamax Post column on a much more pleasant morning here in London, scattered clouds, 16C and a high of 23C, with no rain, and a 7mph W breeze, we are set fair.
I wish you good fixtures and safe travels until we meet here again on Monday morning. And now for the news before the headlines.
Two ships have sunk, one of which was carrying millions of liters of oil, after a typhoon swept through Taiwan and Philippines.
The Baltic Exchange’s main sea freight index, fell as rates for the larger capesize vessel segment dropped to a nearly two-month low.
CMA CGM benefits from acquisition as group increased its revenue, but the overall result did not follow suit as ocean freight lags behind.
Houthi attacks boost appeal of Russia’s Arctic sea route which traverses waters off the Siberian tundra, is typically only used during summer months.
An increasing body of evidence is demonstrating that air lubrication systems (ALS) can prevent the build up of hard and soft fouling on the hulls of ships, according to Silverstream Technologies.
Navigator Gas will investigate the possibilities of transporting CO2.
Top Ships Inc. has won long-term charter extensions for two eco MR tankers namely Eco Yosemite Park and Eco Joshua Park were awarded seven-year extensions.
ABS granted an Approval in Principle (AiP) to CLS Wind for its wind turbine assembly system.
American Bureau of Shipping (ABS) and the U.S. Coast Guard Research and Development Center signed a MoU to collaborative research and development on top-of-mind technologies impacting the maritime industry.
Spot rates for shipping containers fell for the first time in almost three months amid signs demand is cooling after US tariffs on Chinese goods and other trade disruptions sparked an earlier-than-usual peak season for restocking.
Yemen’s Houthi militants have attacked more merchant ships hauling Russian commodities than products from anywhere else in the world.
Yet again an orca sinks a vessel in the Strait of Gibraltar.
TotalEnergies has bought a 50% stake in the 795 MW OranjeWind offshor ewind farm from RWE and will dedicate it to producing greenhydrogen .
Castor Maritime is moving into the ultramax segment with the acquisition of an unnamed 2015-built vessel in a deal worth $25.5m.
Iran has released the oil cargo of a Greek-owned, tanker it seized in the Gulf of Oman earlier this year: Reuters.
CMA CGM said that brisk international trade and Red Sea disruption supported its main maritime division in the second quarter and should limit any market slowdown later this year as new ship capacity arrives.
Click Here 👉 https://www.scoop.it/topic/panamaxpost👈 to read all articles in full and watch videos in today’s Panamax Post