The Panamax Post Thursday, 9th January

“Sometimes we are lucky enough to know our lives have been changed, to discard the old and embrace the new and run headlong down an immutable course.”

Picture of the sea with the view of the horizon.

Good morning, and welcome to my daily Panamax Post column from another cold -1C London with blue skies and a high of 3C. It truly is brass monkeys out there.

With much in the news, I wish you good fixtures and safe travels.

In the third part of shipping market outlook series, Marcus Hand focuses on the drybulk sector with Will Fray, a Director of Maritime Strategies International.

India and the United States will manufacture sonobuoys used for tracking submarines, in support of the U.S and Indian defence industrial bases.

The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) have struck a tentative deal on a new six-year labour contract.

At the end of 2024, the container ship order book was 8.3m TEU, a new record compared with the previous high of 7.8m TEU in early 2023.

Chinese shipping giant COSCO SHIPPING Group has released official statement responding to the update names of Chinese military companies released by US government.

Turkiye and Qatar will send 2 electricity-generation ships to Syria to help the country deal with its energy crisis.

Finland’s public transport agency said that an oil tanker suspected of damaging underseacables in the Baltic Sea was found to have serious deficiencies and will not be allowed to operate until repairs have been made.

The Joint Expeditionary Force – JEF has activated an advanced UK-led reaction system to track potential threats to undersea infrastructure and monitor the Russian shadow fleet, following damage to a major undersea cable in the Baltic Sea.

Van Oord has taken delivery of its groundbreaking offshore installation vessel Boreas during a ceremony at China’s Yantai CIMC Raffles Offshore Ltd. shipyard.

China’s foreign ministry said it was not aware of Shandong Port Group’s decision to ban U.S.-sanctioned vessels from its network of east coast harbours.

ExxonMobil filed suit in a U.S. District Court in Beaumont, targeting California Attorney General and an array of environmental NGOs including the Sierra Club over smears related to its advanced plastic recycling business.

DS NORDEN expects to reduce its CO2 emissions so much so that it can sell the surplus to smaller shipping companies and comply with the new EU fuel requirements.

Höegh Autoliners takes delivery of third Aurora-class vessel.

Navigator Gas acquires three handy size ethylene carriers for expanded US terminal volumes.

Greek Euroseas Ltd. plans to spin off three feeder vessels built in the ’90s into a new publicly listed company, Euroholdings Ltd.

 

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