“Live your life by a compass, not a clock.”
Good morning, and welcome to my daily Panamax Post column on a very mild morning in London. Dog walk done, coffee at hand and now, eagerly awaiting the budget announcement.
With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines
Mitsubishi Heavy Industries has developed a unique satellite technology to track vessels operating illegally, also known as the “darkfleet.”
China’s Ministry of State Security has announced that it has found various spying devices in the oceans’ surface and deep seas.
The drybulk market has suffered an unseasonal slump during October with Capesize rates down by 50%, but it could now be time for a reversal in fortunes.
The Singapore authorities are standing down the response to a bunkerspill earlier in the week.
Calls are growing for every ship’s emissions data to be made public.
Baltic index snaps 10-day losing streak as larger vessel rates gain.
Scorpio Group becomes major shareholder in crude carrier DHT Holdings, Inc.
COSCO SHIPPING has inked a deal settled in RMB for six 13,600 teu capacity newbuildings with CSSC Hudong Zhonghua Shipbuilding (group) Co., Ltd.
New contracts give Wallenius Wilhelmsen its second-best quarter to date
The car carrier posted an operating result of $503m in the third quarter, though the profits dropped.
US president Joe Biden has revealed a $3bn investment to help clean up and modernise ports across 27 states and territories.
Tanker carriers are facing pressure from freight rates and geopolitics. The boom in the tanker market has lost altitude recently, but freight rates are still 20% higher than the five-year average.
Greek shipping magnate George Economou’s attempt to delay the upcoming annual shareholders meeting at fellow capesize bulker specialist Seanergy Maritime Holdings Corp. has gone without success.
Two people were taken to hospital after a “significant fire” broke out at the BAE Systems nuclearsubmarine shipyard in Barrow-in-Furness.
A CMA CGM Group joint venture with Marsa Maroc will invest $280 million in part of a new container terminal in Morocco. The partnership is also linked to several major investments to increase earnings at the port of Nador West Med.
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