The Panamax Post Friday, 31st January

“To reach a port we must set sail – Sail, not tie at anchor. Sail, not drift.”

an abandoned ship

Good morning, and welcome to my daily Panamax Post column on a very wet Friday London morning 5C and a high of 8C later.

With much in the news, I wish you good fixtures and safe travels until we meet here again on Monday. And now for the news before the headlines.

Two European tanker brokers have joined forces with news ODIN-RVB Europe from The Netherlands is taking over Barcelona-based IBERICA TANKER CHARTERING SL.

The chief executive of Germany’s Bernhard Schulte Shipmanagement (BSM), Sebastian von Hardenberg, has been elected as the new president of InterManager.

BALTIC EXCHANGE LIMITED(THE)’s drybulk sea freight index, extended losses for the thirteenth straight session, pressured by a dip in rates across capesize and supramax segments.

China is buying VOLKS-WAGEN factories using VW’s own carboncredits. Why? VW needs carbon credits from Chinese EV makers like BYD to meet strict EU emissions rules. And on top of that, Europe plans to fine VW €1.5 billion for missing target.

Marlink has received Type Approval Certification from Bureau Veritas Marine & Offshore for its Internet of Things data collection solution.

EUROBULK LTD, run by the Pittas family, admitted to violating APPS in April 2023 during a port call.

Norwegian offshore vessel player Rem Offshore has secured a PSV contract from Eni in the UK North Sea.

China India, Indonesia are mining more coal than ever, and nations are consuming more of it than ever—except for Europe and the United States, where coal consumption is down 12% and 5%.

Russian refineries are processing more crude oil as the latest US sanctions on Moscow constrain oil exports. This means refiners might be able to export more fuel, primarily diesel, even under current sanctions.

Deutsche ReGas warns of “unfair competition” in Germany’s LNG market.

Seafarer connectivity “remains major cause of discontent” – latest Seafarer Happiness Index.

Norwegian ocean services contractor DeepOcean has won subsea survey work on the Bałtyk 2 and 3 offshore wind developments in Poland.

Panamanian President Jose Raul Mulino ruled out discussing control over the Canal de Panamá in a meeting with U.S. Secretary of State Marco Rubio.

Report says shipping needs financial incentive in order to go green faster.

The acquisition of DB Schenker will dominate when the annual report is presented on Feb. 4, but the question is whether DSV – Global Transport and Logistics can grow in a weakened European market.

Overcapacity is creating unequal competition between Germany’s new import terminals for liquefied natural gas.

The FlourWorld Museum is calling on the global milling community to help celebrate World Flour Day, March 20. This year’s motto is, “Feeding the world starts with feeding your community.”

 

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