Good morning, and welcome to my daily Panamax Post column.

London will begin dry with early spells of sunshine. Turning overcast late morning, with showers in the afternoon, 13C.

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.

Around 20,000 seafarers are currently stranded in the Gulf as escalating regional tensions disrupt vessel movements and crew changes, according to the IMO and the International Chamber of Shipping.

Responding to reports of insurers cancelling war risk cover the International Underwriting Association (IUA) and the International Union of Marine Insurance (IUMI) say insurance is available.

U.S. forces have released new footage of a strike on one of Iran’s “drone carriers,” merchant vessels that Iranian forces have rebuilt to launch ballistic missiles, suicide drones and other unmanned munitions.

Members of the Sri Lankan government confirmed during a session of parliament that an Iranian Navy supply ship, IRIS Bushehr (422), has made an urgent request for assistance and is seeking permission to dock in Sri Lanka.

New footage appears to suggest that Iranian forces used a drone boat to attack the tanker Sonangol Namibe off Kuwait coast.

The attacks on Iran by the US and Israel have caused disruptions for ships transiting the Strait of Hormuz.

International Container Terminal Services, Inc. handled 14.5m teu at its port operation worldwide in 2025 an 11% in throughput over the previous year.

North Korean state media is hailing the successful tests of the first ship in a new generation of destroyers.

Monaco-based product tanker owner Scorpio Tankers Inc. has locked in long-term cover for two LR2s while agreeing to sell three ships, a move set to boost its cash position by about $110m.

GMS, the world’s largest cash buyer of ships for recycling, has called on the European Commission to approve qualified Indian ship recycling yards for inclusion on the European List under the EU Ship Recycling Regulation (EU SRR).

An escalating Iran war is driving oil prices higher, raising fears of a renewed inflation shock that could slow global growth and complicate central bank policy.

Russia ready to boost oil supplies to India, China as Strait of Hormuz tensions rise.

Growing divisions inside the EU are fueling debate over Russian sanctions, as some governments warn the economic costs are increasingly falling on Europe.

The Italian Sea Group S.p.A has launched a forensic probe into unauthorized overspending two weeks after taking a €25m shareholder loan to shore up cash.

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