The Panamax Post
90.5K views | +43 today
Follow

The Panamax Post

Pistiolis in for 10 MR tanker newbuilds in China

From splash247.com

Greek shipowner Evangelos Pistiolis has re-entered the newbuilding market, placing an order for 10 MR product tankers in China in a deal approaching $500m. Pistiolis’ privately held Central Group has signed up for the 50,000 dwt vessels at Guangzhou Shipyard International (GSI), marking the group’s first newbuilding contract in China after years of relying on …
Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Safeen Prestige Reportedly Sank in the Strait of Hormuz

From maritime-executive.com

The UAE-managed containership Safeen Prestige is reported to have finally succumbed to the fire that engulfed the vessel after it was attacked by the Iranians. 

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Iran to give safe passage for Philippines ships and seafarers

From www.seatrade-maritime.com

The Philippines has become the latest country to say it has agreed safe passage of the Strait of Hormuz with Iran for its ships.

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Taiwan Accuses Salvage Barge of Damaging Subsea Cable

From maritime-executive.com

Taiwanese officials suspect that a Chinese salvage barge damaged a subsea cable off the coast of the Matsu Islands while recovering a grounded fishing vessel. 

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Venergy Maritime orders tanker pair at Waigaoqiao Shipbuilding

From www.seatrade-maritime.com

Greek shipowner Venergy Maritime has been rapidly expanding its newbuilding programme in China across tanker and container segments.

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

VLCC loadings in Yanbu soar due to Hormuz disruption

From www.seatrade-maritime.com

With the Strait of Hormuz closed to all but a trickle of shipping traffic the Saudi Arabian east – west pipeline that connects to Yanbu on the Red Sea has become a lifeline for crude exports.

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

UN Security Council Expected to Vote Down Use-of-Force Request for Hormuz

From maritime-executive.com

Three of the permanent members of the UN Security Council have signaled that they do not support a motion to authorize use of force to reopen the Strait of Hormuz, according to the New York Times.

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Samsung Heavy Industries Participates in Its First U.S. Navy MASGA Project

From maritime-executive.com

South Korean shipbuilder Samsung Heavy Industries announced that it will be participating in its first U.S. shipbuilding project, working with General Dynamics NASSCO and DSEC.

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Boxship Departing Taiwan Clips Docked Ship Sending Containers into Harbor

From maritime-executive.com

Operations were briefly interrupted on Wednesday, April 1, at the Port of Kaohsiung, Taiwan, after a departing containership clipped a docked vessel. 

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Four People Rescued by Vehicle Carrier Transiting the Bay of Biscay

From maritime-executive.com

Four people aboard a large sailboat were successfully rescued after their vessel began taking on water during a storm in the Bay of Biscay. 

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Erasmus taps Huangpu Wenchong for boxship newbuilds

From splash247.com

Athens-based Erasmus Shipinvest Group is building out its container ship exposure with a fresh order in China. 

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

BlackRock takes 5% stake in Samsung Heavy in vote of confidence for shipbuilding supercycle

From splash247.com

The world’s largest asset management company BlackRock has become a significant shareholder in Samsung Heavy Industries, acquiring a 5.01% stake in the South Korean shipbuilder in a move that signals strong institutional confidence in the longevity of the current newbuilding supercycle. 

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Key Bridge insurer settles with Dali owners for $350m

From splash247.com

The insurance company that paid out $350m to Maryland following the collapse of Baltimore’s Francis Scott Key Bridge has reached a settlement of the same amount with the owner and operator of the container ship Dali, in one of the first deals to be struck ahead of a landmark civil trial set to begin June 1.

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Somalia registers its first vessel under the national flag in over three decades

From splash247.com

Somalia has officially registered its first vessel under the national flag since the collapse of the country’s central government in 1991, marking what officials describe as a historic step toward restoring maritime sovereignty over the longest coastline in mainland Africa.

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Ventura Offshore secures Brazil rig extensions with Petrobras

From splash247.com

Offshore driller Ventura Offshore has been awarded contract extensions for two of its rigs operating offshore Brazil. 

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Tanjung Offshore wins FPSO tow and reconnection job

From splash247.com

Malaysian offshore services player Tanjung Offshore, part of T7 Global, has won a one-year work order from the subsidiary of Petronas Carigali, Vestigo Petroleum. 

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Weather, geopolitics are wild cards for durum 

From www.world-grain.com

Low prices, high input costs, weather and MAHA may shape market
Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

ADM names new head for South America 

From www.world-grain.com

John Grossmann bringing Brazil growth focus to new role
Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Third-quarter earnings decline for Ardent Mills 

From www.world-grain.com

Lower commodity trading revenue cited by JV partner Conagra
Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Mexico oilseeds consumption on the rise

From www.world-grain.com

FAS: Country’s food processing, livestock sectors driving increase
Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Imas supplies three flour mills to Mokhalad Group

From www.world-grain.com

One facility completed in 2024 with two to be commissioned this year
Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Oil prices surge past $110 as Trump vows escalation in Iran conflict, disrupting Strait of Hormuz

From energy.economictimes.indiatimes.com

Despite hopes for de-escalation, Iran's continued retaliatory attacks and the US president's hawkish stance suggest prolonged market pressure. Refined fuel markets, particularly European diesel, also saw significant price increases.

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

India to Enforce Stricter Penalties on Wind and Solar Power Generators Starting 2027

From energy.economictimes.indiatimes.com

New penalty regulations for wind and solar power producers in India will come into effect from April 2027, increasing charges for deviations from scheduled electricity supply and impacting the clean energy sector.

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

India's Crude Oil Prices Surge Amidst OPEC+ Discussions on Output Hike

From timesofindia.indiatimes.com

India's oil prices hit a four-year high as global supply disruptions continue, with OPEC+ considering increased output to stabilize the market. Explore the impact of the West Asia conflict on oil prices and key players in the industry.

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

Market upheaval drives reversal in Singapore-Rotterdam LNG bunker spread

From www.hellenicshippingnews.com

LNG bunker fuel prices in Singapore held a premium to Rotterdam on March 31, underscoring a sharp reversal from the discount structure seen earlier this year, as geopolitical tensions and regional supply-demand shifts reshape market dynamics.

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

FleetFusion targets fleet data gap 

From thedigitalship.com

FleetSafe Group introduces a new platform aimed at giving shipowners and managers clearer oversight of assets, compliance and risk. 

Scoop.it!
Reaction (0)
No comment yet.
Sign up to comment

This topic is curated by Mike O' Gorman

Global Head Of Business Development

Follow me on: