https://lnkd.in/dUtnVHjs)
Read this excellent article on why Putin is welcome in The Netherlands. At least his old, rotten oil tankers sailing under shady flags and even more shady, UK embargoed ownership, can bunker fuel off the coast of Zeeland without any problem. A nice stop for part of Russia's 'dark fleet' on the cargo route from Primorsk (Russia) to Turkey and India and back. This dark fleet is an important reason why the oil sanctions against Russia are not working and Putin can continue to finance his infamous war against Ukraine. List of violations: circumventing EU Russian oil export embargo (https://lnkd.in/dDtvaDPK), facilitating export trade with sanctioned companies (https://lnkd.in/djpqYQFu 6570414f9462260721c56992/Notice_Russia_061223.pdf), underinsured and uninsured oil tankers, unsafe, uncontrolled oil tankers in dangerous condition, enormous potential environmental damage .... etc etc. One more issue: the site where the tankers bunker is just in front the only nuclear reactor for energy in the Netherlands. What a shameful farce. Put them on a chain asap...
"Ukraine has found Russia's weak point. Although this is not exactly oil, it is very related to it. Swarms of Ukrainian drones are crippling Russia's vast refinery network in a bid to hamper refined exports. To date, the results are encouraging for kyiv, although most of Russian industry remains standing. According to the specialized press, the different series of attacks with Ukrainian drones on Russian oil refineries in recent days have begun to raise doubts about how long the country will be able to continue exporting petrochemical products, which in turn has begun to cause some nervousness in Moscow.
Several of Russia's major oil refineries have been attacked in recent days and especially over the weekend as part of Ukraine's strategy to cripple Russia's petrochemical production capacity to cut off lucrative export revenues and reduce the flow of oil to its vast war machine. Although there is still no official or reliable data, it is believed that Russia's diesel and refined production could have fallen between 6 and 14% , according to different sources."
see more (use google translate to translate entire website)
https://lnkd.in/eEpgNEKt
The Panamax Post Monday, 15th July
“On a day when the wind is perfect, the sail just needs to open and the world is full of beauty.” #Rumi
Good morning, and welcome to my daily Panamax Post column on a perfect early morning in London. Alas, the rain is coming, and we expect a very wet evening, a high of 20C and a 4pmh ESE breeze
With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines
A tanker struck a small charter boat in a shipping channel in Port Aransas, killing one person and leaving one missing
The US Federal Maritime Commission has asked for more information on #Maersk and Hapag-Lloyd AG’s Gemini Alliance agreement that was due to become effective on 15 July
Salvage teams strive to prevent pollution from a potential oil leak from a grounded Ultrabulk A/S vessel, MV Ultra Galaxy
The #EU naval mission protecting ships crossing the #RedSea said that its frigate Psara had destroyed an unmanned aerial drone in the Gulf of Aden
VLCCs could soon enter the #Argentinian oil market, which is mainly dominated by smaller sizes
TORM has increased its fleet with the acquisition of eight second-hand #MRtankers for $340m
#Botswana, which boasts the third largest #coal reserves in Africa, has signed a deal with Zimbabwe and Mozambique to develop a massive rail and #port project
Rising #oil demand in #China is likely to be a key factor in supporting the tanker market in the coming years, according to POTEN & PARTNERS#Globaltrade is under immense strain amid rising freight costs. The significance of the Red Sea #shipping route for global trade is enormous
Container import volumes remain strong at U.S. ports and significantly ahead of 2023 levels despite the first signs of softening in the spot market prices
#Capesize finished on a positive note with the Capesize 5TC increasing by $942, finishing the week at $27,388.
Gunvor Group Ltd will send a supertanker loaded with #NorthSea Forties #crude to Asia after the trading house amassed a large volume of benchmark oil in a month-long bull play
Stolthaven Terminals and Global Energy Storage Group (GES) have been selected the only ‘potential operator’ to plan, design, build and operate a #greenammonia terminal in Pecém
The safety of crews on #merchantships is increasingly becoming a major concern owing to the rise in violent attacks despite a notable decrease in #maritime piracy incidents, - Bureau International Maritime (BIM)’s Piracy Reporting Center.
Humanity would have to mine more #copper in the next 20 years than in human history to meet surging global demand on the back of the energy transition
Adani Group has announced plans to construct a new port at the central Vietnamese city of #Danang
Nanjing Ocean Shipping Co (NASCO) is expanding its fleet with additional #ultramax newbuilds at a domestic yard
Thank you to Adis AjdinMarcus HandVijay krishnaThe Maritime ExecutivegCaptain
The Panamax Post Friday 9th February
Saltwater cures all wounds
Good morning, and welcome to my daily Panamax Post column
It is the morning after the very late night with the Spot Ship Europe team all in #london and another barnstormer of a wet and rainy 10c morning here in London, where we are forecast gusts of 35mph until midday and then it will settle down for a much drier weekend
With much in the news, I wish you good fixtures and safe travels until we meet here again on Monday. And now for the news before the headlines
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took its second price cap enforcement action of 2024
A.P. Moller - Maersk could look at a potential acquisition of DB Schenker
Of the 24 vessels to be delivered to DS NORDEN in the coming year, three quarters will be bulkers
HD Korea Shipbuilding & Offshore Engineering Co., Ltd. (HD KSOE) has plans unveiled to develop small modular nuclear reactors for use on newbuilds: Mikal BøeStolt-Nielsen Limited is interested in a merger with Odfjell Technology. The chemical tanker competitor, who flatly rejects the notion
#yemen and #houthi militant group continues to stage and prepare anti-ship missiles
Dutch shipping firms have approached the Defence Ministry for permission to put armed guards on their vessels
Lloyd's Register has awarded Approval in Principle to the Riigilaevastik Estonian State Fleet for a new and advanced #hydrogen fuel-cell ferry
Porto Itapoaá has obtained fourth place in the ANTAQ - Agência Nacional de Transportes Aquaviários list
PortXchange [B-Corp] highlights the sectors lack of readiness for the upcoming #euets#maersk has reported strong financial results for 2023
ExxonMobil has reserved up to four slots for shuttle tanker newbuilds in South Korea
Diamond Offshore Drilling (U.K.) Ltd. has won a contract with Serica Energy plc
Maersk chief executive to run Denmark’s largest shipping company under a single brand for global container #logisticsØrsted has radically rolled back its plans for expansion
The US Navy has picked Kongsberg Maritime, Oceaneering and Anduril Industries to develop prototypes for unmanned subs
Ten thousand #seafarers leave the industry every year through preventable ill health
Piraeus Port Authority-PPA/OLP-COSCO Shipping’s exclusion from the European Ports Alliance epa is causing concern
WARTSILA OIL & GAS SYSTEMS AS SUCURSAL EN ESPAÑA Solutions to deliver fuel supply system for two new gas carriers
There’s no one “right” route into shipping Federica Maiorano#governmentregulations restrict American production of critical #minerals , #metals#uranium#coal#oilandgasRichard Storm
India coal production figure of 800 MT mark was achieved on 8 March, 2023 in the last FY 2022-23
Thank you to Adis AjdinMarcus HandVijay KrishnaThe Maritime ExecutiveRichard StormMikal BøeKindra Snow-McGregor
Is it a good solution or will there be repercussions from the old shipping routes? And above all what savings in terms of time and actual costs will there be?
Entrepreneur | Best Seller | Wall Street Journal Op-Ed Writer | IMAPS Fellow | 2.6M Followers in Social Media
【Chinese Container Ships Take Arctic Shortcut to Europe】
Two Chinese container ships have set course for the Arctic. The vessels intend to use Russia’s Northern Sea Route as a shortcut to connect ports in China with destinations in Europe. The northern sea route can cut ~2 weeks from the transit time.
The Arctic route allows operators to avoid the troublesome waters of the Red Sea without detouring via the Cape of Good Hope.
Xin Xin Hai 1 departed from the Port of Taicang near Shanghai on July 5 and has since passed through the Bering Strait and onto the Northern Sea Route. The 21,279 deadweight tonnes (DWT) vessel can carry 1,220 standard containers (TEU).
While parts of the route are already free of sea ice for the summer, more challenging conditions in the East Siberian Sea mandate an icebreaker escort for the light ice-class vessel.
Xin Xin Hai 1 is currently being escorted by nuclear icebreaker Sibir.
Meanwhile its sister ship Xin Xin Hai 2 follows around a week behind. The 29,008 DTW vessel departed from the Chinese port of Rizhao in mid-July and is currently en route to the Bering Strait.
The vessels are operated by New New Shipping Line. The company began operating in the Arctic last summer completing seven voyages between July and December. This summer it aims to expand its operations.
Both vessels are bound for the northwest-Russian port of Arkhangelsk before traveling on toward ports in the Baltic Sea.
Route of Xin Xin Hai 1 and Xin Xin Hai 2 as of July 29, 2024. (Source: shipinfo.net)
Several Panamax container ships, able to carry around 5,000 TEU, have also received permission to sail along the route. They would become the largest box carriers to traverse the route.
Flying Fish 1, SFT Turkey and SFT Egypt are all registered to Safetrans Line out of Hong Kong. Safetrans Line describes itself as a specialist for the China-Russia containerized liner service.
Without ice classification SFT Turkey and SFT Egypt will be limited to operations starting after August 1.
Among the world’s major Western container shipping operators, Danish Maersk remains the only company to have completed a journey via the Arctic route. Its feeder vessel Venta Maersk completed an Arctic transit in August 2018.
Russian liquefied natural gas (LNG) is supplied mainly through the ports of Belgium, France and Spain. The ports of these three countries receive about 80% of Russian origin gas. It was Spain and Belgium that increased LNG imports by 50% in 2023 compared to the previous period. Spain could deal a significant blow to the Kremlin by imposing a ban on transshipment of Russian LNG in European ports.
Some traders of Russian are taking advantage of the absence of sanctions and making a profit from the sale. The existing sanctions restrictions are not enough to stop the Russian military machine. If the supply of Russian LNG does not stop in 2024, it threatens to undermine the implementation of the European decision to abandon the Russian aggressor's fossil resources by 2027 ❗
Thanks to The Objective Media for your interest in this topic. Here is an article with comments from Ukrainian NGOs on Spain's leadership in buying Russian gas: https://lnkd.in/ekzTgRMv ⤵
The Panamax Post Friday, September 13th
The Panamax Post is Spot Ship's daily newspaper.
We deliver articles covering all aspects of shipping with a focus on
new technology and environmental impacts.
The Headlines
· Russian Missile Strikes Civilian Grain Ship in Black Sea, Sparking International Concern
· Pharma cargoes wash ashore in South Africa from lost containers
· Baltic index falls as capesize rates decline
· China strengthens grip on global shipbuilding
· Gastech 2024 Innovations - Foster Products
· DSV - Global Transport and Logistics wins the race to acquire DB Schenker
· Ultramaxes Edging Out Kamsarmaxes
· Risky salvage of Sounion tanker to restart in Red Sea this week, sources say
· Yangzijiang Shipbuilding Holdings buys into TSUNEISHI GROUP’s China yard
· Burning OSV Abandoned and Crew Rescued Off South Africa
· House Committee on Homeland Security Warns of Chinese Cranes' Threat to US Port Security
· Reshuffled Container Alliance Networks Take Shape, Offering Suez and Cape Routes
· Joshua Hutchinson: The Black Sea mine-clearing mission has begun
· Lars Jensen: The market is awash, DSV buys DB Schenker
· Lithuanian PM turns away ship carrying ammonium nitrate
· LNG carrier in landmark sail installation
· U.S. Coast Guard Rescues 11 Migrants From the Cliffs of Monito Island
· Cold-Ironing Could Significantly Reduce Port Emissions
· Biodiesel offers best decarbonisation bang for the buck
· Renexia Spa hires Aker Solutions for Mediterranean floating wind farm work
· Oil prices extend recovery rally to cap volatile week
· EU and Turkish Shipping Company in Standoff Over Weapons Inspections
World Grain
· CHS Inc. to return $600 million to owners
· Heavy rains damage Kazakhstan crops
· Record monthly container volumes at the Port of Long Beach
· Finnlines to Launch New Freight Service from Finland to Sheerness
· OPEC Fund approves $1.2 billion for development projects across 11 countries
· CORE POWER (UK) Ltd: Academic Resources Programme to foster next-gen maritime nuclear innovation
· Nexans invests $99m to boost offshore wind growth in Europe
· Baltic Sea conquered by Candela's electric C-8: no range anxiety
· North Sea wind farm survey solves World War I shipwreck mystery
· Determining the Medical Fitness of Seafarers With Back Pain
#BlackSea#Pharmacargoes#SouthAfrica#BalticIndex#capesizerates#globalshipbuilding#Ultramaxes#Kamsarmaxes#Sounion#RedSea#BlackSea#ammoniumnitrate#LNGcarrier#Emissions#Biodiesel#Mediterranean#windfarm#Oil#Kazakhstan#Finland#BalticSea#NorthSea#Seafarers
The Panamax Post Wednesday, 11th September
I find the great thing in this world is not so much where we stand, as in what direction we are moving
Good morning, and welcome to my daily Panamax Post column on a cold 7C but sunny morning here in #London
With much in the news, I wish you good fixtures and safe travels. And now for the news before the headlines
Turkish authorities reported that the crew of a Turkish-owned and managed cargo ship are safe after a collision with a bulker off the coast of Iran
The latest ICS Barometer Report by the International Chamber of Shipping would suggest geopolitical instability and #cyberattacks are acute worry points for #shipping
The US Treasury’s Office of Foreign Assets Control has added nine more ships to its extensive shipping sanctions list.
New research by Thetius estimates that the maritime #artificialintelligence (AI) market has nearly tripled in size in the space of just one year and is now valued at $4.13bn
South African authorities suspect the 22-year-old, 6,492 teu MSC Apollo #containership was responsible for an oil spill at Algoa Bay
Baltic index retreats as #capesize rates dip
#Drybulk carriers have been in high demand, with more deals being reported on a weekly basis
As Hurricane #Francine barrels towards the coast of Louisiana, state and federal leaders have declared a state of emergency, and evacuations are under way for affected communities
Imports of U.S. container #cargo in August jumped 12.9% from a year ago as a summer volume surge delayed cargo at major ports and anxiety builds over a threatened longshore worker strike on the East Coast and Gulf of Mexico on Oct. 1, Descartes Systems Group said on Tuesday
#Ironore futures prices dipped, surrendering earlier gains, as the weakening #Chinese demand outlookfor #steel outweighed softer supply and expectations of further stimulus from the top consumer
South Korea’s leading shipping company, HMM, has announced a comprehensive strategy to transform itself into a global “#greenshipping and #logistics provider, with plans to invest approximately $17.4 billion USD by 2030.
A number of notable US-listed tanker companies have announced significant share repurchase programs this week, signaling confidence in the sector despite recent market volatility
Folk Maritime has partnered with ASYAD Group on a new service to connect Saudi Arabia’s Jeddah Islamic Port to India’s Mundra and Nhava Sheva.
Thank you to Adis AjdinMarcus HandVijay krishnaThe Maritime ExecutivegCaptain
The Panamax Post Wednesday, September 11th
The Panamax Post is Spot Ship's daily newspaper.
We deliver articles covering all aspects of shipping with a focus on
new technology and environmental impacts.
The Headlines
· Turkish Cargo Ship Abandoned After Collision Off Iran
· South African authorities battle oil spill from MSC Mediterranean Shipping Company ship
· OFAC adds more ships to sanctions list
· Baltic index retreats as capesize rates dip
· Dry Bulkers in High Demand
· Gulf Coast Shuts Down Oil Production Ahead of Hurricane Francine
· Qatar breaks records in pursuit of LNG dominance
· US Imports Surge Continues Ahead of Potential Port Strike
· Iron ore ticks down on tepid Chinese demand outlook
· Maritime artificial intelligence market nearly triples in size over past year
· A.P. Moller - Maersk and Hapag-Lloyd AG Update on New Cooperation After Federal Maritime Commission Lets it Proceed
· South Korean Shipping Giant HMM Unveils $17.4 Billion Green Investment Plan
· US-Listed Tanker Companies Ramp Up Share Repurchases
· Maritime leaders’ confidence on the rise amidst increased geopolitical risk
· New Folk Maritime service connects Jeddah to India
· HMM to Invest $17.5B to Double Container Fleet and Grown Bulk/Terminal Ops
· Maritime Union of Australia Plans Industrial Actions at Bulk/General Ports
· Qatar Christens New LNG Carrier Naming it for US Businessman Rex Tillerson
· What keeps shipowners up at night?
· Arkas Holding signs for two more 4,300 teu ships in China
· Transocean clinches $232m drillship deal with BP
· OKEA ASA taps Archer for platform drilling services in Norway
World Grain
· Royal family
· HB4 wheat sales pace Bioceres revenue
· India expecting record soybean crop
· Ningbo Zhoushan Port Group Co., Ltd. port container volume up 7.8% in H1
· One in Five Russian Tankers Refuse Pilots in Danish Straits
· UK and U.S. Coast Guard Seize $54M Worth Drugs with Interdictions Including Narco Sub
· Wasp-Class Casualties Continue With Mechanical Issue on USS Iwo Jima (LHD 7)
· International Chamber of Shipping Publications Announces The Launch Of A Practical Guide To Shipboard Inspections
· India will soon be in a position to export Lithium-ion batteries
· India's coal production rises 6.36% between April-August 2024
· World’s Largest Sailing Cargo Ship Completes 1st Crossing Across Atlantic
· World’s 1st Hybrid Propulsion Commerical Cargo Ship Makes First U.S Port Call
#Turkish#CargoShip#OFAC#US#Iran#SouthAfrica#oilspill#BalticIndex#Capesize#Drybulkers#GulfCoat#HurricaneFrancine#Qatar#LNG#China#Jeddah#India#PortStrike#IronOre#Maritime#artificialintelligence#LNGCarrier#Norway#RussianTankers#DanishStraits#NarcoSub#India#LithiumIon#Batteries#SailingCargoShip#Atlantic#HybridPropulsion
The Panamax Post Tuesday 26th March
We dream in colours borrowed from the sea
Good morning, and welcome to my daily Panamax Post column
It’s a bright start to the day here in #London, 8C but with no early rain, it was ideal for a dog walk. The rest of today will see 5mph ESE breeze and rain from 2pm to 7pm before the storms come on Wednesday
Happy 21st birthday Jack Taylor, wishing you the very best of birthdays from all of us Spot Ship
With much in the news, I wish you good fixtures and safe travels, and now for the news before the headlines
The Francis Scott Key bridge in the US city of #Baltimore has entirely collapsed into the Patapsco River after being hit by a #containership. Several people and vehicles fell into the water
Greek shipowner Victor Restis has triumphed over Newcastle United Football Club co-owner Amanda Staveley in a London High Court dispute involving a historic debt of £3.4m
Euroseas Ltd. has announced that it has successfully completed the installation of 'energy saving devices' on its intermediate containership
With more than one new containership delivering every single day this year, the avalanche of box newbuilds shows no sign of easing, despite analyst overcapacity concerns
The former head of Shanghai International Port (Group) Co., Ltd and China’s ex-footballing supremo, was handed a life sentence today for taking bribes worth $11m
Ocean Integrity Group is proud to announce our partnership with Roadfill Limited
According to Sea-Intelligence, all shipping lines' revenues fell sharply YoY in 2023-FY, ranging from 46.6 per cent to 62.6%
Putting paid to reports last week that Chinese and Russian ships were to be given safe passage through the #RedSea by the Houthis, a Chinese tanker was attacked by missiles fired from Yemen
The Canadian government's new Trans Mountain Pipeline (TMX) expansion project is nearly complete
MMA Offshore Limited reports its board is recommending shareholders accept a buyout proposal from Cyan RenewablesOrient Overseas (International) Limited, owner of shipping company Orient Overseas Container Line, has announced its financial results for 2023
The Yemen-based Houthi militants renewed their threats against #SaudiArabia, warning it not to support US strikes against the group
Better margins for #corn among reasons for slight decline
Funds driving #maize price increase
Association’s CEO offers insights into group’s 2024 priorities, legislative issues
The only effective and efficient way to deliver heavy goods to meet Gaza’s humanitarian needs is by road and includes an exponential increase in commercial deliveries offers limitless possibilities, opening up new avenues for #innovation, #sustainability, and economic prosperity
Thank you to Adis AjdinMarcus HandVijay KrishnaThe Maritime ExecutivegCaptain
