The Panamax Post Wednesday, July 8th

Good morning, and welcome to the daily Panamax Post column

Underwater view of sunlight filtering through the surface with air bubbles rising toward the light

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 US has launched “powerful” strikes on Iran in response to attacks on three oil tankers in the Strait of Hormuz.

Ukraine launched a major coordinated strike on Russian energy and logistics targets, including tankers, ports and refineries, with attacks reaching deep inside Russia

Iranian forces reportedly fired on merchant shipping in the Strait of Hormuz, with UKMTO confirming a tanker was struck east of Musandam.

The Joint Maritime Information Center, the information sharing operation run by the 47-nation Combined Maritime Forces, has raised the maritime threat level in the Strait of Hormuz to severe.

One Vietnamese fisherman was killed and 16 others were rescued after a collision between a coastal cargoship and a small purse seiner off the southern coast of Vietnam.

The offices of Evergreen Marine Corporation and related companies, as well as the homes of several directors and their families, were searched on Monday, July 6, in Taiwan as part of an ongoing investigation into alleged insider trading by several individuals, including the sons of the late founder of the shipping line.

FINCANTIERI is branching out from shipbuilding with a big bet on subsea services and technology. It has announced the acquisition of four smaller Italian companies, financed through a capital raise that it completed earlier this year.

DP World has become the latest carrier to buy and transfer a containership into the Indian register to expand its coastal service and meet India’s cabotage regulations.

OOCL Wisdom completed its first green methanol bunkering at Qingdao Port before starting its maiden voyage.

ECSA wants the EU ETS review to require Member States to channel part of shipping’s ETS revenues into sustainable marine fuels and decarbonization.

Brookes Bell warns sulphur cargoes stranded in the Strait of Hormuz face rising corrosion risk as anchorage delays exceed standard protection periods.

Dan-Bunkering reported a strong 2025/26, with revenue of $3.1bn, bunker volumes up over 5% and alternative fuel orders rising around 50%.

Canada has committed federal funding to upgrade the Roberts Bank Terminal at the Port of Vancouver USA.

Wärtsilä will supply fuel-flexible engines and propulsion systems for nine Grimaldi Group ferry newbuilds in China.

Enova warns Norway’s maritime sector is off track for zero emissions by 2050 unless the energy transition accelerates.

 

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