“A sailor is not defined as much by how many seas he has sailed than by how many storms he has overcome”
Good morning, and welcome to my daily Panamax Post column.
Today will be another warm day here in London,29C, with cloud and sunny spells. In the afternoon, there might be a few showers, some turning heavy and thundery.
With much in the news, I wish you good fixtures and safe travels, until we meet here again after summer holidays. And now for the news before the headlines.
The Baltic Exchange’s dry bulk sea freight index, slipped to its lowest level in three months, weighed down by lower rates across all vessel segments.
Coastal clean-up operations are intensifying on South Africa’s west coast following an oils pill caused by the break-up of the grounded cargo ship, Ultra Galaxy.
Canal de Panamá expects to increase the number of daily transit slots for vessels to 36 from the current 34 beginning in September.
A wave of AI innovation is set to transform ports terminals and warehouses across Asia Pacific, opening new doors to supply chain optimisation for customers.
An Israeli airstrike on Yemen’s Hodeida port, caused at least $20 million in damage, according to port officials.
Greece’s largest port of Piraeus has recorded a drop in container traffic in the due to the Red Sea crisis.
Philippine authorities believe that the impact of the spill from a sunken tanker in Manila Bay is “minimal” so far, and report that pollution prevention activities are well under way.
The VLCC Ceres I, involved in a fiery collision with the product tanker Hafnia Nile did not flee the scene of the accident Malaysia’s Marine Dept said.
Deadly accident at a mine operated by the Hon Gai Coal Company, a unit of Vietnam’s state coal miner Vinacomin, VNExpress News.
Newbuilding ordering activity remained high over the past week. In its latest weekly report, ship broker banchero costa network said that activity was busy, “especially considering the summer season, across many different sectors.
UK alternative investment platform Hayfin Capital Management LLP has reached an agreement with US private equity group Arctos Partners, LLC to secure a management buyout of the business.
A political firestorm is brewing in Gibraltar and neighboring Spain as a US-flagged tanker, Overseas Santorini, reportedly carrying military fuel for Israel, was seeking a port for bunkering.
The capesize business is experiencing some of the greatest shifts in global trades in the 2020s among all shipping segments.
Trade could be about to hit the proverbial political fan as US election pressure is being brought to bear on institutions that regulate, including those that regulate commerce, by boosting shipping lines’ ability to challenge rules.
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