Good morning, and welcome to the daily Panamax Post column
With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines.
Ukraine’s drone campaign is steadily degrading Russia’s Black Sea capability, with strikes reaching deeper into protected Russian territory.
In a troubling sign that the Gulf ceasefire may be unravelling, Iran is believed to have launched a three-drone attack targeting the Barakah nuclear complex west of Abu Dhabi, close to both Qatari and Saudi waters.
Spot rates are rising on the back of higher bunker costs and peak season surcharges but Pacific increases are likely to subside as contract rates are realized.
In a further chapter in the saga of the Dali Francis Scott Key Bridge strike the State of Maryland has reached a $2.25bn settlement with the vessel’s owner Grace Ocean and operator Synergy Marine Group.
The US Navy‘s blockade on Iranian shipping continues to turn back vessels in the Gulf of Oman, but Central Command has not yet sealed up all of its leaks.
Argentine authorities are investigating the death of a fisherman who reportedly deteriorated onboard without a timely medevac, with scrutiny now falling on both the vessel’s captain and the advising shoreside doctor.
The Canal de Panamá will carry out maintenance on the east lane of the Gatun Locks from 9–17 June as congestion builds at both ends of the waterway, driven largely by Middle East tensions and disruption in the Strait of Hormuz.
USS Gerald R. Ford and her strike group returned to base, completing a record deployment and the first combat action for the Navy’s newest carrier.
Two nuclear submarines have made unexpected stops in Gibraltar, with Royal Navy submarine HMS Anson arriving shortly after a suspected visit by the US submarine USS Alaska.
ADES – Advanced Energy Systems has secured a new Nigerian jackup contract with Belop for Main Pass IV, alongside a separate rig extension.
Velesto Energy Berhad has moved into an asset-light operating model for the first time after securing a drilling contract from Hibiscus Oil and Gas Malaysia using a third-party jackup rig.
Prosafe has firmed up a previously announced letter of intent with Ithaca Energy for work in the UK North Sea.
A group of UAE maritime companies has come together to form the country’s first shipbuilders consortium, creating a joint platform aimed at strengthening local shipbuilding, repair and marine engineering capabilities.
Greek owner JHI Steamship has expanded its growing newbuilding programme with an LR2 tanker order at Japan’s Imabari Shipbuilding Co Ltd.
Gas shipowner Seapeak has expanded its LNG carrier orderbook with a fresh trio of newbuildings in South Korea, while simultaneously locking in long-term employment for the vessels.
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