The Panamax Post
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The Panamax Post

Jakub O.: The IRGC Navy just added a second lock to the gate

From www.linkedin.com

Hours after the ceasefire was supposed to reopen Hormuz, the IRGC issued an official directive requiring all commercial vessels to use two alternative corridors near Larak Island to avoid sea mines deployed during the war. Inbound traffic north of Larak. Outbound traffic south of Larak. All ships must coordinate with the IRGC Navy before entering. Until further notice.
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3 Crew Members Die After Deadly Attack On Thai-Flagged Vessel In Hormuz, Thailand Confirms

From www.marineinsight.com

The ship was on its way from Khalifa Port in the United Arab Emirates to Kandla Port in India when it was hit on March 11.
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Russia and Ukraine agree to truce for Orthodox Easter

From www.bbc.com

Vladimir Putin announced the truce, which will last from Saturday afternoon through Easter Sunday.
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IMO’s work to cut GHG emissions from ships

From www.imo.org

Acting to cut emissions from ships IMO is committed to supporting UN Sustainable Development Goal 13 - to take urgent action to combat climate change and its impacts - and the Paris Agreement by reducing greenhouse gas (GHG) emissions from shipping.

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Suez Canal Scraps 15% Container Rebate as Hormuz Crisis Drains Traffic and Reshapes Global Shipping Routes

From breakbulk.news

The #SuezCanal has scrapped its 15% #containership rebate as the #Hormuz crisis keeps major carriers rerouting around the Cape. 

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Jamaica calls time on paper-based maritime practices in 2026 

From www.shipmanagementinternational.com

The Maritime Authority of Jamaica has said paper-based processes are no longer fit for purpose in modern maritime operations, warning that outdated practices increasingly pose operational and safety risks in 2026.

 

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CK Hutchison's Panama unit to seek arbitration over Maersk ports takeover

From www.reuters.com

 Hong Kong-based conglomerate CK Hutchison's (0001.HK) Panama business said it would seek arbitration over Maersk's (MAERSKb.CO), takeover of two strategic ports near the Panama Canal, which are at ​the center of a legal battle between Beijing and Washington.

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Bunker One Adds Physical Supply Operations in Tallinn and Finland

From shipandbunker.com

Bunker One's physical supply footprint in the Baltic now stretches from Skaw to Finland.

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Norway Operator Boreal Orders 20 Electric Vessels for Coastal Routes

From shipandbunker.com

The first two vessels are expected to be delivered in 2027.
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Shipbuilding Orderbook Hits 17-Year High Driven by Tankers Reports BIMCO

From maritime-executive.com

The boom in shipbuilding orders is continuing, reaching a 17-year high, reports industry group BIMCO. While it sees a slowing in some sectors, it points to a recent surge in crude oil tanker orders coming after the container segment was already driven to new highs.

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Maritime security level remains critical in Hormuz despite ceasefire

From www.seatrade-maritime.com

Forty-eight hours into the two-week ceasefire between the US and Iran maritime security remains at a critical level in the Arabian Gulf, Strait of Hormuz, and Gulf of Oman, according to the Joint Maritime Information Center (JMIC).

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Baltic Dry Index Up for 5th Day 

From www.hellenicshippingnews.com

The Baltic Exchange's dry bulk freight index advanced for a fifth consecutive session on Thursday, rising by 1% to its highest since March 5 at 2,161 points, driven by gains across all vessel segments.

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Defence secretary reveals month-long Russian submarine operation over cables and pipelines north of UK 

From www.bbc.co.uk

John Healey says three Russian submarines left after being monitored "24/7" by UK forces, with no damage reported. He tells Vladimir Putin: "We see you."

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After Ceasefire, Iranian Attacks Cut Saudi Oil Production

From maritime-executive.com

Official Saudi sources have confirmed that recent Iranian attacks caused extensive damage to oil and gas facilities, killing at least one person and leading to a substantial cut in production capacity. Argus Media reports that all of the strikes occurred within the past 48 hours.  

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Royal Navy Tracks Russian Warships for Ten Days in UK Waters

From maritime-executive.com

Four Royal Navy ships recently got under way to track the movements of Russian convoys through the English Channel and the North Sea, a higher-than-usual operational tempo for Russian activity in UK home waters. 

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UK Foils "Nefarious" Russian Activity Near Subsea Cables

From maritime-executive.com

The UK government claims that it has discovered and disrupted Russian plans to conduct "nefarious" activity over critical subsea fiber optic cables. 

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Mining Giant Vale Orders World's First Ethanol-Powered Giant Bulkers

From maritime-executive.com

Vale reports it has entered into an agreement with China’s Shandong Shipping Corporation to build the first large ocean-going vessels that will use ethanol as their primary fuel. 

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Toll wars and diverging agendas cloud Hormuz outlook

From splash247.com

Contradictory signals from Washington and Tehran over who should profit from strait transits have added fresh uncertainty to a waterway that remains largely closed to commercial traffic.

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Ethanol enters ore trades as Vale signs for Shandong VLOC newbuilds

From splash247.com

Brazilian mining giant Vale is pushing ahead with ethanol as a marine fuel, agreeing with China’s Shandong Shipping to build what it said will be the first ocean-going vessels powered primarily by ethanol. 

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Landlocked Switzerland pushes for seat at Europe’s port alliance table

From splash247.com

Switzerland is stepping up efforts to join the European Union’s port alliance, as it looks to strengthen its role in Europe’s increasingly security-focused logistics landscape. 

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Subsea 7 adds $1bn-plus Brazil project to backlog

From splash247.com

Offshore engineering and services player Subsea 7 has won a contract from Brazil’s state-owned giant Petrobras for the development of the Sépia 2 field. 

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CHS earnings down in second quarter 

From www.world-grain.com

Revenues climb, but cooperative reports net loss of $147.1 million
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CoBank: Rising commodity prices won’t offset input costs 

From www.world-grain.com

Rural America hardest hit by increasing fuel, energy expenses
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Study: Wheat gene editing reduces asparagine levels 

From www.world-grain.com

Lowers potential carcinogenic compound in bread products
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Strait of Hormuz Traffic At Stalemate Despite Ceasefire: Only 10 Vessels Crossed

From energy.economictimes.indiatimes.com

The ceasefire in the Middle East has resulted in only 10 vessels crossing the Strait of Hormuz, highlighting ongoing fears and concerns over safe navigation in this crucial maritime passage critical for global oil transport. 

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Russian Oil Revenue Surges Amid Iran War Crisis

From energy.economictimes.indiatimes.com

Russia's mineral extraction tax on oil is set to double following the energy crisis triggered by US and Israeli actions against Iran, reaching $9 billion in April. 

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This topic is curated by Mike O' Gorman

Global Head Of Business Development

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