The Panamax Post
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United Arab Emirates to quit oil cartel Opec

From www.bbc.co.uk

The United Arab Emirates (UAE) is quitting the Opec and Opec+ groups of major oil producing nations next month after nearly 60 years of membership.

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Bureau Veritas calls for greater connectivity across value chains as AI reshapes global trade

From marine-offshore.bureauveritas.com

Bureau Veritas Marine & Offshore (BV), a world leader in testing, inspection, and certification (TIC), declared its vision for the future of maritime trade during Singapore Maritime Week, with Executive Vice-President, Industrials & Commodities, Matthieu de Tugny delivering a keynote address detailing how digitalization, artificial intelligence, and the energy transition are fundamentally reshaping shipping and the global value chains it underpins.

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Russian superyacht Nord sails through Strait of Hormuz despite blockade

From www.bbc.com

The 141m-long vessel, linked to a close ally of Russian President Vladimir Putin, cleared the waterway despite an ongoing blockade.

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Australia Begins First Live S‑100 Bridge Trial

From www.marinelink.com

Australia has commenced its first live shipboard trial of S‑100 digital navigation data, with dynamic tidal and current information now being tested on the bridge of operational cruise vessels in Sydney Harbour.

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World’S First Ammonia Port-To-Ship Bunkering For

From www.marinelink.com

The Ulsan Port Authority (UPA) announced the successful completion of the world’s first ammonia bunkering operation for an ammonia dual-fuel gas carrier at Ulsan Port on April 23, 2026.

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India Reveals Unreported Incident of Iran Firing Warning Shots at Tanker

From maritime-executive.com

Indian officials, during an inter-ministerial meeting on Monday, revealed the details of an incident over the weekend during which a small product tanker with Indian seafarers was shot at by the IRGC.

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Tanker approached by pirates off Somalia

From www.seatrade-maritime.com

Following two vessel hijackings in recent days a tanker reported being approached by pirates while sailing in the Indian Ocean.

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Japanese VLCC transits Strait of Hormuz

From www.seatrade-maritime.com

A Japanese tanker has crossed the Hormuz Strait from the Arabian Gulf today along with a Chinese tanker and SeaLead container ship.

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Third Ukrainian Strike Damages Russian Oil Terminal at Tuapse

From maritime-executive.com

For the third time this month, Ukraine's drone forces have launched a long-range attack on the Russian port of Tuapse, hitting oil export and refining infrastructure that contributes to the financing of the ongoing invasion. 

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Baltic Dry Index Rises for 2nd Day 

From www.hellenicshippingnews.com

The Baltic Exchange's dry bulk freight index was up for a second session on Tuesday, adding 11 points to 2,677 points, driven by gains across all vessel segments.

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Cosco Shipping Energy Transportation Q1 profits up 207%

From www.seatrade-maritime.com

In the first quarter of 2026 Cosco Shipping Energy Transportation reported a net profit of RMB2.17 billion ($310 million) up 206.7% year-on-year.

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China is Remaking the South China Sea With a Return to Island-Building

From maritime-executive.com

After nearly a decade of relative pause, China has resumed large-scale island-building in the South China Sea. Satellite images of Antelope Reef show a once-submerged feature rapidly transformed into what could become one of Beijing’s largest outposts in the region. 

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First Commercial Bunkering of Ammonia Completed on Exmar Ship in Ulsan

From maritime-executive.com

The emerging market for ammonia-fueled commercial shipping achieved its next milestone with the first-ever port-to-ship bunkering on an ocean-going vessel. 

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Major Scrap Metal Fire Breaks Out Aboard Bulker at Port of Newport

From maritime-executive.com

On Sunday, a scrap metal fire broke out aboard a bulker at the Newport Docks port complex in Wales, drawing a major emergency response to the scene.

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South Korea Extends Antitrust Restrictions on Hanwha from DSME Acquisition

From maritime-executive.com

South Korea’s antitrust regulators have taken the unusual step of extending a series of restrictions imposed on several of Hanwha’s companies as a condition for the 2023 acquisition of Daewoo Shipbuilding and Marine Engineering. 

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British Troops Use Civilian Ferry to Travel to NATO Exercise

From maritime-executive.com

The British Army, for the first time in more than 20 years, has chartered a civilian ferry to transport its forces. It is putting a good light on the operation by saying it is helping the army to practice how to use civilian transport alongside military vehicles and aircraft as it participates in a major military exercise with NATO in Germany

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Iranian Trader Boats are Still Crossing the Strait of Hormuz

From maritime-executive.com

For decades, probably much longer, traders based in Iran have crossed the Strait of Hormuz, bringing goods to Oman’s Musandam governorate, bartering their cargos with merchants in Khasab, and then returning with cargoes of whatever is in short supply in Iran.

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Delay tactics cast shadow over MEPC

From splash247.com

Familiar patterns of procedural delay are emerging at this week’s critical UN shipping summit in London, with sources close to the negotiations warning that the most contentious decisions are being deliberately deferred to the final hours of the meeting – leaving little time for meaningful resolution. 

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Dee4 doubles down on ultramax play

From splash247.com

Dee4 Capital Partners Fund II has snapped up a second ultramax, continuing its well-timed push into high-quality Japanese-built tonnage. 

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Mercuria steps up fleet push with four bulker newbuilds

From splash247.com

Swiss commodities trader Mercuria is continuing its move deeper into shipownership with an order for four kamsarmax bulk carriers at Wuhu Shipyard. 

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CULines books four newbuilds at Huangpu Wenchong

From splash247.com

China United Lines (CULines) has re-entered the newbuilding market with an order for four 6,400 teu containerships. The Shanghai-based intra-Asian carrier has contracted CSSC Huangpu Wenchong Shipbuilding in Guangzhou for the series, with CSSC Trading involved in the deal. 

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Stagnant weather pattern prevails across US 

From www.world-grain.com

But changes beginning to show on weather models
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Wisconsin port project receives federal funding 

From www.world-grain.com

Will support grain handling, storage facilities upgrade
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Canada’s oilseed production to dip in 2026-27

From www.world-grain.com

Canola down after record-setting harvest, FAS says
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