The Panamax Post Tuesday, June 23rd

Good morning, and welcome to the daily Panamax Post column

A colorful blue, yellow, and white fishing boat moored in a marina, with sailboats and yachts in the background.

With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines.
 
A blast at the Ras Laffan gas complex has killed 13 workers and injured 66 more, Qatari officials say. 12 of the deceased were Indian nationals.
 
Three merchant vessels were hit by Russian attacks in the Black Sea overnight, leading to the death of one Egyptian seafarer.

The latest guidance signals a change in approach. Earlier US advice had pointed vessels towards sailing “dark” with AIS switched off and transiting mainly at night, but the new message appears to favour greater visibility, coordination and navigational safety.
 
Now that the U.S. has signed a ceasefire deal with Iran and tanker flows in the Strait of Hormuz appear to be back on the rise, American domestic shipping interests are renewing their call for the Trump administration to end its broad Jones Act waiver policy for energy cargoes.

Shipping markets will be watching closely after US-Iran talks included a commitment to reopen the Strait of Hormuz and establish a communication line aimed at ensuring safe passage for commercial vessels.

Leaked details from the criminal investigation into the sinking of superyacht Bayesian suggest Italian prosecutors are narrowing their focus on crew responses and technical variables.
 
Australian police have made the country’s largest cocaine seizure, finding 2.7 tonnes hidden in pits beneath shipping containers near Sydney.

CLdN’s Samskip acquisition is a scale play in European shortsea, adding port calls, equipment and door-to-door reach across the UK, Ireland and the Continent.
 
Houston-based SEACOR Marine Holdings is the latest company in the offshore sector to face a challenge from its shareholders.

Shahid Rajaee Port is located in Hormozgan Province in southern Iran and is one of the country’s main container terminals.
 
A plan to sell South Korea’s mid-sized shipyard K H M SHIPBUILDING SERVICES has fallen through, with the potential buyer reporting it had been unable to reach terms with the debt investor and private equity firm that had rescued the yard four years ago.
 
European shipowners and airlines have jointly urged Brussels to channel emissions trading revenues back into the sectors that generate them, arguing that the current system risks undermining efforts to decarbonize transport.
 
There is business moving, but it is harder to fix: freight is still supported in places, yet bunkers, congestion, geopolitical risk and weaker fixture conversion are putting real pressure on owners, charterers and smaller broker desks.

 

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