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.
A deal may reopen Hormuz on paper, but shipping is not treating the Strait as safe yet. With around 500–600 vessels still waiting in the Gulf, minerisk, traffic controls, insurance costs and naval-clearance procedures mean the real reopening will be operational, not political EWRI will be at a premium.
Maersk and Hapag-Lloyd AG were both quick to respond to enquiries about MSC’s interest in acquiring a stake in the German carrier, saying they did not respond to rumours.
Three Iranian tankers loaded with crude oil have passed the US blockade line in the Gulf of Oman, Spot Ship tracking data shows.
The UAE exports about three million barrels of crude oil every day, and has been diverting as much as possible through a pipeline system to the port of Fujairah in order to keep shipments going throughout the Hormuz crisis.
Iranian tankers starting to move out of the Gulf marks the clearest sign yet that Hormuz restrictions may be loosening.
In a surprise development, Singapore-based Eastern Pacific Shipping Pte. Ltd. announced its immediate exit from the chemical tanker segment.
Global ports operator and logistics giant DP World is pursuing a deal to enter the lucrative U.S. container and ports business after an absence of 20 years.
Petitions being heard by courts in India and Baltimore are considering the same issue of how long crew members can be detained when they were material witnesses to casualties.
An 80,000 dwt bulker to boxship conversion shows shipping’s adaptability in action, as owners blur sector lines to unlock container capacity in a tight market.
Vertoro B.V., the Netherlands-based company developing technology to convert plant-based residues into renewable oil, has announced the first closing of its €17m Series B.
Molgas Energy Group aims to develop a recurring LNG bunkering service at the Port of Palermo on the island of Sicily.
Oktan Energy stated that the two new sea-going tankers which it was looking to add its bunkering fleet last year are now both in operation.
Coal is re-emerging as a key drybulk driver, with China’s supply disruptions, Indonesian export uncertainty and renewed energy security demand supporting Asian imports, Panamax Capesize employment and Pacific tonne-mile growth.
Fleet Management’s rollout of STARLINK, AI safety monitoring and real-time compliance tools shows digital infrastructure moving from back-office support to a core operating system for safer, cleaner and more responsive fleet management.
WaiV Robotics’ U.S. launch marks another step toward autonomous offshore operations.
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