“The maritime world is a testament to human collaboration, where different flags unite under the banner of trade and connection.”
Good morning, and welcome to my daily Panamax Post column on a very wet end of September but the forecast for midweek is better.
With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines.
In a tragic accident, 2 people lost their lives and four went missing when a service barge used in the maintenance of oil wells sank in Lake Maracaibo in the state of Zulia, Western Venezuela.
The Malta-registered cargo ship Ruby continues to attract worldwide attention with the UK maritime authorities being the latest to be observing the ship’s movements. The damaged bulk carrier, laden with 20,000 tonnes of highly explosive ammonium nitrate, was reported to be idle at anchor off the UK’s Kent coast waiting for fuel.
Taiwan on high alert after detecting missile firing in inland China. Stay informed about the latest tensions in the China-Taiwan relationship.
After many months of stalled negotiations, some 45,000 workers across 36 US east and Gulf ports will likely down tools at midnight tonight, leading to extraordinary vessel queues across America’s eastern coast.
Warships of the US Navy shot down several missiles and drones fired by the Houthis.
French startup Zéphyr and Borée has seen an order for five innovative containerships in South Korea cancelled. The $311m deal signed in May 2023 by Zéphyr & Borée and HD Hyundai Mipo Co., Ltd. Dockyard.
Prive Overseas Marine LLC and Prive Shipping Denizcilik Ticaret which operated tanker P/S Dream were sentenced in a New Orleans Federal Court to pay a $2 million criminal penalty and complete 4 years of probation.
Six months on from the horrific vessel disaster in Baltimore involving the Dali senior executives in New York grappled with what would happen if a similar incident was to take place in the Big Apple’s harbour.
Carriers, already under pressure from softening demand, will be further dismayed by the latest global Purchase Managers Index’s New Export Orders Index which had its fastest decline in eight months.
Om Maritime Pte. Ltd. has inked an ordered a pair of chemical tankers at a Chinese yard.
China is cementing its position as the world’s leading shipbuilder, with U.K.-based Clarkson Research Group reporting that Chinese shipyards secured 95 vessel orders in August, 90% of global bookings.
Russia, the world’s leading wheat exporter, is expanding its BalticSea ports as it aims to boost agricultural exports by 50% by 2030.
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