The Panamax Post
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The Panamax Post

Metsä Group and Wagenborg partner on reducing emissions in sea transport

From www.projectcargojournal.com

Metsä Group has agreed to cooperate with the Dutch shipping company Royal Wagenborg on reducing the climate impact of maritime transport. The goal the company has set it to reduce carbon dioxide emissions in sea transport of Metsä Group products by 30 per cent per ton/mil by 2030, when compared to 2021. “One of Metsä […]
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Work to Start for Removal of Masts From Famous WWII Wreck off UK

From maritime-executive.com

The UK Government confirmed that the project to remove the masts from a famous World War II shipwreck in the Thames Estuary has been commissioned at a cost of £9.5 million ($12.7 million).

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Iran hits two UAE tankers in Strait of Hormuz as US carries out third night of strikes

From www.bbc.co.uk

The UAE calls the attack "brazen" after one person was killed and eight injured, while the US completes strikes aimed at degrading "Iran's ability to attack commercial shipping".

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Trump seeks 20% kickback from Hormuz trade

From www.seatrade-maritime.com

In the latest escalation of the US-Iran conflict, US president Donald Trump said the blockade of Iranian ports will begin again, and that the US will seek to be reimbursed 20% of the value of cargo transiting the Strait of Hormuz to pay for its security costs.

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Indian seafarer killed in Iran tanker strikes, says UAE

From www.seatrade-maritime.com

Six Indian and two Ukrainian crew injured in missile attacks on vessels off Oman, says UAE Ministry of Defence.

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US To Charge 20% Fee On Hormuz Shipping As Trump Declares America "Guardian" Of Strait

From www.marineinsight.com

Trump says the US will reimpose its Iranian blockade and charge a 20% fee on Hormuz cargo shipments, a move the IMO says has no legal basis.

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Baltic Dry Index Rises for 3rd Day 

From www.hellenicshippingnews.com

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities rises for 3rd Day.

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Tanker traffic through Strait of Hormuz drops to two-month low 

From www.hellenicshippingnews.com

The number of tankers moving through the Strait of Hormuz dropped on Monday,  drops to two-month low.

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Diana Gives Genco Shareholders Two More Weeks on the Tender Offer

From maritime-executive.com

Diana Shipping is continuing its battle to acquire Genco despite having been rebuffed by Genco’s board and losing in its attempt to put new directors on the board of directors.

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TOTE Wins U.S. Navy's First Vessel Construction Manager Contract

From maritime-executive.com

TOTE Services, which pioneered the idea of a third-party construction manager for U.S. government shipbuilding programs, has won the U.S. Navy's first-ever VCM award. 

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China Again Refutes US Claims of Maritime Coercion Against Panama

From maritime-executive.com

The war of words continues between Chinese and U.S. officials who claim that China is using its maritime and economic strengths to coerce Panama and other nations. 

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StealthGas to sell blast-damaged LPG carrier

From splash247.com

Nasdaq-listed StealthGas has settled the insurance claim linked to its damaged LPG carrier Eco Wizard and is preparing to sell the vessel in its current condition. 

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Ukraine Closes Down Trade in Sea of Azov, Affecting Both Russia and Iran

From maritime-executive.com

Ukraine’s ongoing strategic air and sea campaign to tighten the screws on Russia economically has taken a further leap forward in recent days, background to an announcement on July 10 by Ukrainian President Zelensky that a new Long Range Command had been established within the Ukrainian Armed Forces structure, solely to prosecute long-range warfare on Russian strategic targets. 

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Kongsberg Maritime Strengths Position by Acquiring Berg Propulsion

From maritime-executive.com

Kongsberg Maritime is moving to strengthen its offering in marine propulsion through the acquisition of Berg Propulsion. 

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JUB Pacific diversifies fleet with AHTS purchase

From splash247.com

Singapore-based offshore marine solutions provider JUB Pacific has acquired an anchor handling tug and supply vessel. 

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Subsea cable alliance targets Scottish power network

From splash247.com

A consortium of Scottish energy firm SSEN Transmission, Sumitomo, and Van Oord has signed a long-term framework agreement to support the delivery of future HVDC subsea transmission infrastructure across northern Scotland. 

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Cadeler seals $282m loan for offshore wind installation vessel newbuild

From splash247.com

Offshore wind vessel heavyweight Cadeler has signed a senior secured green term loan facility of €247m to finance part of the construction of its third A-class newbuild offshore wind installation vessel Wind Apex. 

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Seafarer Pleads Guilty to Concealing Cocaine on Tanker for Mexican Cartel

From maritime-executive.com

A Philippine seafarer who had been working as an able-bodied seaman on an oil tanker pleaded guilty in a Los Angeles district court on July 13 to concealing nearly 200 kilograms of cocaine for a drug cartel.

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Brazil expects record soy crop for third consecutive year

From www.world-grain.com

Larger planted area main driver as yields may be constrained
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AGP: First US soybean oil unit train ships 

From www.world-grain.com

Growing biofuels demand spurs milestone at David City, Nebraska, facility
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Kernel suspends Chornomorsk operations after Russian attack 

From www.world-grain.com

Grain handling, storage equipment damaged at Black Sea port facility
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Wheat Foods Council hires executive director 

From www.world-grain.com

Sheri Glazier is a veteran wheat farmer and dietitian
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Strait of Hormuz Tanker Traffic Plummets to Two-Month Low Amid Tracking Concerns

From energy.economictimes.indiatimes.com

Strait Of Hormuz Tanker Traffic: Tanker traffic in the Strait of Hormuz has dropped to the lowest level in two months, raising concerns over tracking transparency and potential impacts on global oil supply and prices.

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Iranian floating crude storage decreases in June as sanctions relief clears cargoes 

From www.hellenicshippingnews.com

Floating storage of crude and condensate in East Asian waters declined month over month in June, with Southeast Asia volumes returning to the year-ago level as the Iranian crude overhang, which had built up since late 2025, unwound.

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Oil Prices Rise: Oil Prices Surge to Highest Level in Four Weeks Amid Escalating US-Iran Conflict

From energy.economictimes.indiatimes.com

Oil Prices Rise: Oil prices soared as US reinstated naval blockade against Iran after missile strikes on UAE tankers in the Strait of Hormuz, raising concerns over energy supply disruption.

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France Heatwave: France powers down nuclear reactors over heatwave

From energy.economictimes.indiatimes.com

France Heatwave: France's main energy provider on Sunday said three nuclear reactors had been temporarily shut down and eight others were operating at reduced power due to the heatwave sweeping France.

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This topic is curated by Mike O' Gorman

Global Head Of Business Development

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