“There is nothing more enticing, disenchanting, and enslaving than the life at sea.”
Good morning, and welcome to my daily Panamax Post column on a rather wet, misty and dank morning here in London, a high of 9C later and 3mph Westerly breeze.
With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines.
In the fourth part of shipping market outlook series, Marcus Hand focuses on the tanker sector with Maritime Strategies International (MSI) analyst Tim Smith.
DS NORDEN expects new US sanctions to strengthen tanker market and commented, “Added ships on the US list of sanctioned tankers means more work for other shipping companies. Especially the European ones.
BALTIC EXCHANGE LIMITED(THE)’s dry bulk sea freight index, snapped a three-session gaining streak, as rates declined across all vessel segments.
Brent crude futures were up 2 cents to $79.94 a barrel by 0205 GMT, after dropping 1.4% in the previous session.
The liquefied natural gas (LNG) shipping market is set to tighten capacity by the end of 2027, as ageing vessels are retired and fuel supplies grow, which in turn could push up freightrates, a senior executive from ADNOC Logistics & Services.
The US Coast Guard is strongly recommending that shipowners and operators thoroughly inspect pilot ladders to ensure vessels are outfitted with genuine Solas Marine Services Group-approved equipment, following a discovery of counterfeit pilot ladders.
NATO conducted a Baltic Sea Allies Summit today in Helsinki and agreed to the request from Finland and Estonia to increase surveillance efforts to protect key underwater assets. NATO members also agreed to bolster military presence in the Baltic Sea.
Parties in the conflict between Israel and Hamas are negotiating a peace agreement that could be close, and any potential peace deal raises possibility of reopening in the Red Sea.
The British government has issued a statement after another round of negotiations between the UK and Mauritius over the draft deal that had been agreed between the two countries over the Chagos Island military base in the Indian Ocean
The safety risks posed by unregulated oil tankers are rising, and the so-called shadow fleet is a threat to both the maritime environment and seafarers: United Nations’ shipping agency.
Ambipar Response Marine RJ, the emergency response division of Ambipar Group, a global leader in environmental management, played an essential role in the high-profile rescue operation of the Sounion tanker (IMO: 9312145) in the Red Sea.
The ferry and logistics operator DFDS opens freight route between the Netherlands and Spain.
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