The Panamax Post
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Hormuz fallout pushes Panama Canal close to full capacity

From splash247.com

Disruption in the Strait of Hormuz is helping drive a sharp rise in Panama Canal traffic, with the waterway now operating close to maximum capacity as US energy exports to Asia surge. 

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Expanding the UK Emissions Trading Scheme to International Maritime Emissions

From theicct.org

As the UK government considers expanding the ETS, new ICCT analysis shows that covering international voyages and vessels below the current 5,000 GT threshold could quadruple both emissions coverage and annual revenue generated.

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Simandou underpins big bulker rally

From www.seatrade-maritime.com

The three-decades-long development of the Simandou iron ore facility in Guinea is finally paying dividends. The world’s largest mining venture – majority owned by the Chinese – has been switched into overdrive as the Guinea Government seeks to maximise revenues from the giant complex. 

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MF Shipping Group backs fleetwide data strategy with MESPAS platform rollout 

From thedigitalship.com

Ship managers are placing greater attention on how operational data is structured, shared and analysed across fleets. For Netherlands-based MF Shipping Group, the decision to adopt the MESPAS ship management platform across 46 vessels came down to one issue: data consistency.

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Fiton and Coneksion push deeper digital integration into ocean freight workflows 

From thedigitalship.com

Freight forwarders and logistics providers are reducing manual work from ocean freight operations while maintaining visibility across carrier networks. 

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Opportunities ahead: Insights on maritime decarbonisation in India

From globalmaritimeforum.org

Executive summaryGuided by the government’s strong climate change and maritime ambitions, green shipping activity is currently underway across India’s maritime value chain. Shipbuilding orders for methanol, ammonia, and electric vessels have been placed.

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LNG BunkeringValencia approves concessions to Shell and Axpo Iberia for LNG bunkering services

From www.manifoldtimes.com

The Board of Directors of the Port Authority of Valencia (APV) has approved two separate requests to provide commercial services for the supply of Liquefied Natural Gas (LNG) to ships, according to the port authority on Wednesday (20 May).

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MOL Signs LNG Bunkering Deal with Seaspan Energy for Car Carriers

From shipandbunker.com

The first bunkering under the annual agreement was conducted on April 29.
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Panama Canal Names First Female Administrator as Challenges Grow

From maritime-executive.com

The President of Panama, Jose Mulino, announced on Thursday the decision of the Board of Directors of the Panama Canal Authority to appoint its first-ever female administrator for the vital waterway.

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Baltic Dry Index Falls to Over 2-Week Low 

From www.hellenicshippingnews.com

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, extended its decline into a fifth day on Thursday. falling about 1.4% to its lowest since May 5 at 2.964 points, pressured by the larger.

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U.S. Deploys USS Nimitz Carrier Strike Group To Caribbean Amid Rising Tensions With Cuba

From 5115c310.click.convertkit-mail.com

The US aircraft carrier USS Nimitz and its strike group have entered the Caribbean Sea as tensions between the United States and Cuba continue to rise.

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HD Korea Shipbuilding secures six VLAC orders worth 1.08 trillion won 

From www.hellenicshippingnews.com

HD Korea Shipbuilding & Offshore Engineering, the intermediate shipbuilding holding company of HD Hyundai, said on the 21st it signed a construction contract with a Europe-based shipowner for six very large a carriers (VLAC).

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Strait of Hormuz disruption helps drive 8% rise in Panama Canal transits 

From www.hellenicshippingnews.com

So far this year, ship transits via the Panama Canal have increased 8% y/y to a daily average of 38, driven by the tanker sector. 

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Dali Civil Trial to Begin June 1 After Judge Denies Motion to Delay

From maritime-executive.com

The civil liabilities case against the owners and operators of the containership Dali will commence on June 1, as scheduled, a U.S. District Court Judge ruled on Wednesday.

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US Supreme Court Rules Cruise Lines Can Be Sued Under Cuban Libertad Act

From maritime-executive.com

The United States Supreme Court handed down its ruling saying four cruise lines could be sued for their use of the pier in Havana, Cuba, under the Libertad Act passed by the U.S. Congress in 1996.

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DNV Study Suggests Possibility of Eliminating Efficiency Loss From Fouling

From maritime-executive.com

When evaluating the antifouling properties of a hull coating - and the corresponding fuel savings that an operator can expect to achieve over time - shipowners look at how much the vessel gets slowed down by fouling over time.

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Australian Police Intercept a Diesel Generator Filled With Multiple Drugs

From maritime-executive.com

The Australian Federal Police are calling on diesel repair specialists to help with a rare technical problem: the agency has confiscated a used diesel generator that someone packed full with nearly every kind of illegal stimulant on the market, and it needs to find the people responsible for the shipment.

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Pakistan relaunches offshore oil hunt after 18-year hiatus

From splash247.com

Pakistan has reopened its offshore energy frontier to oil and gas exploration after an almost 18‑year gap, signing agreements for 23 deepwater blocks in a bid to reduce dependence on imported fuel and reshape the country’s economic future.

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Economou jumps back onto the S&P wagon with rusty cape sale

From splash247.com

Greek shipping magnate George Economou has returned to the sale and purchase market, cashing in on the firming cape sector, selling the 2006-built, Shanghai Waigaoqiao-built Venture I, with the ship now renamed Cape Shanghai and registered with Talent Shipping.

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Russia's shadow fleet is a hybrid warfare platform, not just a sanctions shield

From splash247.com

Russia’s shadow fleet of oil tankers is functioning as an active platform for hybrid warfare against European states – enabling undersea infrastructure sabotage and drone surveillance over military and critical facilities across the Baltic and North Sea – according to a new investigation published by the Armed Conflict Location and Event Data Project. 

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Ciner adds ammonia carriers to growing multi-sector orderbook

From splash247.com

Turkish industrial conglomerate Ciner Group has been linked to another major newbuilding investment after South Korean shipbuilding giant HD Hyundai disclosed an order for very large ammonia carriers (VLACs) worth about $715m. 

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Latsis-linked EuroHoldings grows product tanker exposure with second Latsco purchase

From splash247.com

Nasdaq-listed Greek owner EuroHoldings has expanded its presence in the product tanker market with the acquisition of another MR unit from fellow Latsis family-linked owner Latsco Shipping. 

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Zodiac expands tanker orderbook with quartet of suezmax newbuilds

From splash247.com

London-based Zodiac Maritime is stepping up its investment in crude tanker tonnage, ordering four suezmax newbuildings in China as it continues a broad fleet renewal programme across multiple shipping sectors. 

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Saipem eyes Brazil’s offshore decommissioning market with Petrobras tie-up

From splash247.com

Italian offshore contractor Saipem is positioning itself for a larger role in Brazil’s emerging decommissioning market after signing a cooperation agreement with Petrobras to explore solutions for retiring ageing offshore oil and gas infrastructure. 

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