“The sea, once it casts its spell, holds one in its net of wonder forever.”
Good morning, and welcome to my daily Panamax Post column on a very mild 4C morning here in London, a high of 6C and a 5mph SW breeze.
With much in the news, I wish you good fixtures and safe travels.
The Atlantic Supramax dry bulk market saw volatility persist with overall positive cargo demand signs while remaining positional during the fourth quarter.
Oil tanker rates jumped as the Biden Administration’s sanctions on Russia’s petroleum trade threaten to cut the supply of ships while forcing traders to seek alternative sources of crude.
Brent crude oil prices could rise above $85 a barrel in the short-term if the latest round of U.S. sanctions against Moscow lead to lower Russian oil output: Goldman Sachs.
The containers ship Dali that collided with the Francis Scott Key bridge in March last year closing the port of Baltimore has completed repairs in China.
BALTIC EXCHANGE LIMITED(THE)’s main sea freight index, hit more than a one-month high on the back of higher capesize rates.
India’s steel demand is projected to grow by 8-9% in 2025. This growth is is driven by increased steel-intensive construction in housing and infrastructure.
The new US sanctions on the Russian shadow fleet and Donald Trump’s threats to do the same to Iran could be a huge boost for the tanker market, says Scorpio Tankers Inc. boss.
The Greek government is examining the implications for the Port of Piraeus after the US has labelled the majority owner, COSCO SHIPPING, as military.
Among other measures targeting Russia‘s energy sector, the Biden administration has sanctioned Zhoushan WISON OFFSHORE & MARINE (USA), INC for its role in supplying Novatek’s Arctic LNG 2 plant with power modules.
The Fayard shipyard in Odense and Damen in France have serviced 14 Russian gas tankers destined for the Arctic: Financial Times.
Shell has confirmed the discovery of an unexploded bomb next to a 40-year-old gas line running across the North Sea.
The Chinese Embassy in Somalia announced that the fishing vessel seized by pirates in November has been released.
The UK Marine Accident Investigation Branch (MAIB) has raised serious concerns about the safety of Egyptian dive boats operating in the Red Sea following a series of tragic accidents.
Russia’s defence ministry claimed that its forces thwarted a Ukrainian attack on shoreside components of the Turk Stream gas pipeline.
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