The Panamax Post Thursday April 30th

Good morning, and welcome to the daily Panamax Post column

Industrial port with multiple yellow cargo cranes loading ships, with a large factory complex and smokestack across the water

With much in the news, we wish you good fixtures and safe travels, And now for the news before the headlines.

Ukraine is continuing its efforts targeting Russia’s oil revenues with reports of new attacks on a tanker in the Black Sea as well as infrastructure deep inside Russia.

The US Navy blockade is limiting Iran’s crude exports, but a handful of ballast tankers are still slipping through, giving producers extra empty storage capacity.

BALTIC EXCHANGE LIMITED(THE)’s dry bulk freight index snapped a two-day winning streak, falling 0.3% to 2,670 points.

Mexico opened the IMO debate by rejecting alternatives to the Net Zero Framework, calling it the only viable route for maritime decarbonization.

Ocean Network Express was back in the black in Q4 FY2025 ended 31 March 2026 however full year profit was down 92%.

DHL Group-LA beat expectations in Q1, posting higher earnings despite a drop in revenue.

PIL grew volumes in 2025, but earnings and profitability fell from 2024’s exceptionally strong levels.

Hunter Group has appointed an interim CEO to lead the company’s transformation strategy.

Officials in India report that CMA CGM is in the process of transferring two more containerships into the Indian registry.

The IMCA (International Marine Contractors Association) has warned that Europe’s offshore wind ambitions risk falling short without stronger support for the marine contracting sector: Project Cargo Journal

Ministry of Oceans and Fisheries of Trade, Industry and Energy jointly launched the “Shipbuilding–Shipping Mutually Beneficial Development Strategic Council” on 28 April.

As the European export market shifts, multipurpose carriers are actively adjusting their liner schedules to capitalise on regional industrial growth: Project Cargo Journal

Italian freight forwarder SOGEDIM SpA | Trasporti e Logistica is expanding into the hprojectcargo sector in a collaboration with project logistics specialist Fortune International Transport srl.

Osaka Gas Co., Ltd. has launched ship-to-ship LNG bunkering, supplying a dual-fuel Capesize via its new bunker vessel Seto Azure.

Australia’s wheat output is set to drop to 29m tonnes in 2026–27 from 36m, as yields ease and harvested area shrinks.

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