The Panamax Post Wednesday, 6th November

“If you are going to do something, do it now. Tomorrow is too late.”

picture of clear water

Good morning, and welcome to my daily Panamax Post column on another dull morning here in London, where the 3 day blanket of cloud has not lifted, currently 10C.

With much in the news, a major victory in the US election and Emma Howell celebrating her birthday, I wish you good fixtures and safe travels. And now for the news before the headlines.

Exciting times for Spot Ship! We’ve been named to the The Europas 100 list of Europe’s hottest startups!

A fire broke out in the engine room of the Turkish cargo vessel FGSevil, tragically killing two crew members on October 31. The incident occurred as the ship was transiting the Marmara Sea

North Korea launched multiple ballistic missiles into the sea increasing regional tensions.

Baltic index rises as capesize segment logs gains.

Houthi rebels are thought to be earning billions of dollars from shipowners for ships safe passage through the Red Sea.

Maersk has discovered that three out of four European shippers have suffered supply chain interruption in the previous 12 months.

Sudan’s military-led government has cancelled a $6bn deal with the UAE to build a major Red Sea port after allegations that the UAE is supplying weapons to the Rapid Support Forces (RSF).

Port Authority of Guam’s Board of Directors has approved a multi-step bid process to replace the port’s ageing gantry cranes.

In the strongest month for methanol newbuilds in 2024, LNG extended its lead as the alternative fuel of choice in shipping.

The Royal Moroccan Navy is reporting that it thwarted an attempt by migrants to take control of a cargoship and divert it to the Canary Islands.

Pacific International Lines (PTE) Ltd has returned to Hudong-Zhonghua for five additional 9,000 teu boxship newbuildings.

Ships are starting to wait outside ports on the West Coast of Canada as a lockout enters its second day.

Hapag-Lloyd AG-Lloyd will sign off on its biggest order spree in the company’s 54-year history this week according to analysts at Alphaliner.

Just 10 months into 2024, shipyards’ deliveries of containerships have reached a new annual record.

Cyprus-based Intership Navigation Co. Ltd and Interorient Shipmanagement have merged their shipmanagement activities into InterMaritime Shipmanagement.

October 2024 marked a record-breaking month for alternative fueled vessel orders, with a total of 97 new orders placed, according to the latest figures from DNV’s AFI platform.

China’s 41st Antarctic expedition team left Guangzhou, Guangdong Province, on Friday to begin a seven-month “scientific mission.”

 

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