“The ocean takes care of each wave till it gets to shore.”
Good morning, and welcome to my daily Panamax Post column, on a cold 2C morning here in London, with a 5 mph NW breeze and bright sunshine all day.
Wishing our good friend, Marcus Hand a fantastic birthday!
With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines.
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Ukraine claimed it successfully struck a Russian oil refinery and a pumping station on a vital crude pipeline with drones as Kyiv steps up its attacks on Russia’s energy infrastructure.
America’s ten largest ports recorded a 14.2% YoY increase in inbound container volume in December, continuing a fifteen-month streak of growth, according to shipping expert John D. McCown’s latest analysis.
Baltic index falls to 23-month low as capesize and supramax rates dip.
Capesize sailing speeds fall to record lows and grain shipments to China halve as the dry bulk market continues to weaken.
MSC Mediterranean Shipping Company has been on a historic fleet expansion in the 2020s, hoovering up more than 400 secondhand boxships, and ordering more than 3m teu of newbuilds, pushing MSC to the top spot in the global liner leagues.
Precious Shipping Public Company Limited has continued with the sale of one of its oldest vessels and has offloaded its 2005 Shikoku Dockyard-built Rojarek Naree for $8.8m.
The European Commission did not propose a ban on Russian liquefied natural gas in its latest package of sanctions because member states raised concerns about first securing alternatives including from the United States.
Towage provider Svitzer has signed a nine-year terminal towage contract with Oman LNG L.L.C.
Upstream Oil and Gas Companies industry merger and acquisition (M&A) activity during 2024 came to a robust $105b in total deal value according to a new report released Wednesday by big energy data and analysis firm Enverus.
Maritime nuclear power startup CORE POWER has partnered with Glosten to design a floating nuclear power plant that could be installed at U.S. ports to provide a boost to the local grid.
The global ship recycling market has been under pressure during the start of 2025, following the overall trend of 2024.
EU approval for Asian scrap yards could be just around the corner.
World Shipping Council urges European Commission to support sector as it decarbonizes.
The Russian military cargoships Sparta and Sparta II have both departed the naval base at Tartus, Syria.
Tankers set to benefit as Trump prioritizes oil and gas and shipping bank HCOB, which mainly finances secondhand ships, is positive about the market.
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