The Panamax Post Monday, July 13th

Good morning, and welcome to the daily Panamax Post column

Top-down aerial view of a container ship berthed at a terminal with colorful shipping containers and large gantry cranes

With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines.

The security situation in the Strait of Hormuz has deteriorated sharply after a 7,000 teu container vessel operated by Global Feeder Shipping L.L.C was attacked over the weekend and caught fire, triggering a new round of US and Iranian strikes across the region.

Kuwait’s ministry of defense has reported a hdrone attack on an offshore drilling platform operated by the state-owned شركة البترول الوطنية الكويتية Kuwait National Petroleum Company near Shuwaikh Port, causing substantial damage to the rig and injuring one worker.

Russia has been forced to suspend shipping through the Sea of Azov after Ukrainian drones targeted scores of Russia-linked vessels in less than a week, in the latest escalation of Kyiv’s campaign against Moscow’s maritime logistics.

Over the course of the weekend, Ukrainian forces continued to pound Russian shipping in the Sea of Azov and the Kerch Strait, continuing a run of attacks on the logistical fleet that serves Russian-occupied Crimea and the Russian export economy.

The IMO is advancing its Red Sea Project to improve security and the coordination of maritime situational awareness in the Horn of Africa and the waters off Yemen.

As part of its ongoing reform campaign, South Africa’s state-owned Transnet Port Terminals (TPT) has blacklisted seven companies it accuses of corruption and other serious unethical conduct.

In the last two years, South Korea has made a big bet on Arctic shipping, rolling out massive investments in its port sector for future Arctic logistics.

Authorities in South Korea have asked for the North’s help in searching for a sailor who went missing while on a patrol near the demarcation line.

Maritime services company Boskalis celebrated the commissioning of its new vessel Windpiper, which is the largest subsea rock installation vessel.

Shanghai-listed China Merchants Energy Shipping Co., Ltd. has laid out plans for 10 newbuildings across three shipping segments

Chinese shipbuilding company Jiangnan Shipyard has dropped a wildcard onto the maritime table: a floating, nuclear-powered logistics hub that acts as a container terminal, power station, and green-fuel factory far out at sea.

Chicago, America’s third-largest city, is effectively getting its first ocean-served container terminal as Ports of Indiana-Burns Harbor prepares to open a new sea cargo box facility this year.

ADNOC Logistics & Services has taken its recent bulker buying spree to four ships, committing just under $74m to secondhand tonnage over the past few months.

 

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