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.
The U.S. and Iran have completed a long-awaited agreement to bring an end to the Strait of Hormuz standoff and restart traffic. Temporary shipping arrangements could be introduced during a 60-day period after the agreement is signed while final negotiations continue.
The agreement, brokered by Pakistan, includes ending a US naval blockade and aims to restore oil flows, unwinding geopolitical risk premiums. Further negotiations on a broader agreement and sanctions relief are expected.
UKMTO confirms the tanker was struck on the port bow 6 nm east of Oman, with crew safe and no reported environmental impact: Vanguard Tech
Lloyd’s Register (LR) has teamed up with leading Korean shipbuilding, marine services and nuclear research organisations to advance the development of a nuclear‑assisted car carrier concept.
In the early hours of June 14, British Royal Marines boarded the Cameroon-flagged Aframax Smyrtos (IMO 9389100) in the English Channel.
Singapore officials are reporting that three bodies were recovered from the harbour after two workboats collided near the Pasir Panjang Terminal.
Iranian forces appear to have hit another tanker on the Oman side of the Strait of Hormuz, according to maritime security sources.
Damen Shipyards Group has delivered the fourth Combi Freighter (CF) 3850 in an order of four to Reederei Bernd Sibum.
The US Navy and a good Samaritan vessel rescued 14 Indian mariners from a life raft in the Indian Ocean.
Hormuz disruption has pushed transport volatility back into focus, with energy rerouting, higher fuel costs and Jones Act waivers creating knock-on effects across global grain and shipping markets.
Venezuelan barrels are back in play at exactly the right moment for US Gulf refiners — heavier crude, shorter voyages, and a useful hedge while Middle East flows remain politically fragile.
Trygve Nøkleby, Managing Director of the Bergens Rederiforening (Bergen Shipowners’ Association), has been named the 20th recipient of the WISTA Norway Leadership Award.
Korean shipbuilders secured 44% of global ship orders in May, splitting the global shipbuilding market with China.
UK-based oil and gas player Trident Energy has hired an anchor handler from GE OFFSHORE MARINE SERVICES for work in Equatorial Guinea.
Following a tender notice published last year, Indonesia has selected the French shipbuilder PIRIOU to design and build its two new research vessels.
The keel-laying ceremony for the future HMCS Fraser was held on Friday and brought together thousands of shipyard workers and officials.
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