“If you talk about it, it’s a dream, if you envision it, it’s possible, but if you schedule it, it’s rea.”
Good morning, and welcome to my daily Panamax Post column on a rather dull morning here in London, 9C and cloudy, with a high of 15C later and a light 4mph E breeze.
With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines.
After a collision between a bulker and a chemical tanker near the Strait of Gibraltar on Friday, white balls of solid paraffin wax have been floating ashore near the port of Algeciras, Spain.
Yemen’s Houthis said they would maintain their maritime blockade against Israeli vessels in response to “intelligence information” regarding Israeli shipping companies selling their assets to other companies.
The Philippine Coast Guard reported that it was investigating the growing number of reports of debris and a possible sighting of bodies after days of intensive searching for a missing coastal cargoship.
European Commission concludes anti-subsidy investigation by imposing duties on imports of electric vehicles.
Japan’s Onagawa nuclear power plant halted operations following a malfunction with the measurement equipment within the reactor.
COSCO SHIPPING Holdings Co Ltd reported strong revenue and cargo volume growth in the first three quarters of 2024.
Huntington Ingalls Industries International Shipbuilding Inc, the largest U.S. military shipbuilder, cuts shipbuilding revenue forecast for 2024 due to uncertainty in navy agreements and supply chain issues.
Egypt reports $6B loss from Houthi attacks on commercial shipping.
Container terminal operators in British Columbia have called a “defensive lockout” from 4 November following a strike notice by dockworkers.
China is on track to import record volumes of iron ore in October, increasing the divergence between the demand for the steel raw material and the still weak output of the finished product.
The Capesize market reflected a gradual softening this week, especially in the Atlantic, where activity remained sparse and transatlantic fixtures weakened.
The ocean container shipping market turned another corner in October as the Xeneta Shipping Index (XSI®) fell for the first time since June.
Global shipbuilding capacity is set to grow by a percent with the reactivation of one of the most famous shipyards from the previous boom and bust era of shipping.
EVERGREEN LINE has pocketed a stunning $30m from the sale of the 1996-built, 5,364 teu Ever United with the ship set to deliver charter-free later this month.
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