“The sail, the play of its pulse so like our own lives: so thin and yet so full of life, so noiseless when it labors hardest, so noisy and impatient when least effective.”
Good morning, and welcome to my daily Panamax Post column on another rather mild 11C morning here in London, with a high of 15C later, remaining partly cloudy and a 4mph W breeze. It doesn’t feel like November 1st.
With much in the news, I wish you good fixtures and safe travels, until we meet here again on Monday. And now for the news before the headlines.
Seatrade Maritime News’ Marcus Hand and Gary Howard reflect on the month of September, with their highlights from the news in maritime and shipping, from the biggest stories to those that simply piqued their interest.
Ukrainian forces hit the occupied port of Berdyansk with repeated drone strikes, resulting in unspecified damage.
The first budget by UK Chancellor Rt Hon Rachel Reeves gave little comfort to shipping’s wealthy non-doms who may now look to exit the country.
Talks between ports in British Columbia and the foreman’s union have failed to reach agreement and a strike called from 4 November.
BALTIC EXCHANGE LIMITED(THE)’s main sea freight index tracking rates eased on Thursday, as supramax index fell to its lowest level in more than eight months.
As the U.S. presidential election nears, Simon Heaney, Senior Manager of Container Shipping at Drewry Shipping Consultants Ltd, has provided insight into how each candidate’s approach to trade and economic policies could influence global container shipping dynamics.
Ocean Network Express, the world’s sixth-largest ocean carrier by capacity, reported robust financial results for its second quarter of FY2024 (July to September).
Profit after taxation fell to $4.3bn in the three months to September, after a net profit of $7bn in the same period in 2023, Shell said in a statement.
Demand for second hand drybulk carriers has been quite high over the few weeks, most notably for Capesizes.
Higher revenues and better margins lifted Bahri’s profits by 40% over the first nine months of 2024.
A.P. Moller – Maersk continued its strong business performance in the third quarter.
Ocean Network Express is the latest container line to report strong quarterly results and up its full year profit guidance.
Offshore towage specialist KOTUG International and its partner Maritalia Group have been selected by energy major bp to provide marine services to the Greater Tortue Ahmeyim (GTA) project.
Norsepower’s transplant of a Rotor Sail from one ship to another could open up wind power as an option for older vessels.
China is adding renewable energies such as wind and solar to its electricity grid at a record pace, but it is also boosting the use of coal-fired generation, with September data showing a sharp increase.
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