“If you talk about it, it’s a dream, if you envision it, it’s possible, but if you schedule it, it’s real.”
Good morning, and welcome to my daily Panamax Post column. Storm Herminia, arrives later and brings with it the possibility of “danger to life” not great in the wake of Storm Éowyn, currently 7C and gusting at 38mph SSW.
With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines.
The Swedish Prosecution Authority has seized a ship suspected of damaging un underwater fibreoptic cable linking Latvia and the Swedish island of Gotland yesterday, the latest in a series of undersea sabotage attacks plaguing the Baltic region.
Spot container freight rates have continued to fall sharply as the Houthi threat to the Asia – Europe trade recedes and Spot rates for LNG carriers are now at all-time lows, although some analysts believe the shipping sector is close to bottoming out.
MSC Mediterranean Shipping Company challenge Maersk and Hapag-Lloyd AG with an alternative strategy for container shipping.
The dry bulk shipping market continued its downwards slide ahead of the Lunar New Year holidays in Asia.
China has overtaken Japan to become the world’s top ship owning nation, with a total fleet value of $255bn, according to recent data from Vessels Value.
Taiwan has blacklisted 52 Chinese-owned ships that operate under flags of convenience. The crackdown follows the severing of a subsea communications cable near Taiwan.
Australia is forecast to post its third-highest wheat and fifth-highest canola production totals on record, according to a report from the USDA Foreign Agricultural Service (FAS).
According to a widely quoted report in the Financial Times datelined Washington and Taipei, intelligence officials in two unidentified countries have briefed the paper that two Iranian ships are loading ballistic missile propellant in the Yangtze river port of Taicang.
The boom in containership construction and the transition to alternative fuels continues with HD Korea Shipbuilding & Offshore Engineering Co., Ltd. (HD KSOE) reporting its first order of 2025.
After years of trying to construct Arctic-capable oil and LNG tankers within Russia, the Zvezda shipyard has, for the first time, succeeded in delivering a vessel.
WinGD Ltd. has seen key parameters in line with expectations during early testing of its new X-DF-A ammonia-fuelled engine design.
On September 27, 2024, news broke that a previously unreported new type of Chinese nuclear-powered submarine, dubbed the “Type 041,” had suffered a major mishap at its fitting out pier at the Wuchang shipyard.
The Philippines has suspended a scientific survey in the South China Sea after two of its fisheries vessels faced “harassment” and aggressive behaviour from China’s coast guard and navy.
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