The Panamax Post Tuesday July 12th

The Panamax Post Tuesday July 12th

Good morning and welcome to the Panamax Post from Spot Ship

It’s currently blue skies and 26C here in London, with an expected high of 31C in the late afternoon. London is set fair for the day ahead

“If shipping is the beating heart of global trade, its pulse is about to get slower. Faced with uncertainty about which fuels to use in the long term to cut greenhouse gas emissions, many shipping firms are sticking with aging fleets, but older vessels may soon have to start sailing slower to comply with new environmental rules” (Sarah McFarlane)

With this and much more in the news, we wish you a successful day and safe travels on the seas

And now for the news before the headlines

Charter rates for the multipurpose vessels fleet have continued to edge down with the shipping consultancy Drewry expecting the slow, gradual drop to continue in July

The number of new ship orders has dived by more than a third in the first half of the year, but one segment has seen tripled orders. Costs of building ships continue to rise, according to an analysis by VesselsValue

Bankrupt STX Dalian, the Chinese unit of South Korea’s STX Group, has been acquired by Chinese private petrochemical company, Heling Group, after 10 previous failed auctions

With the introduction of green fuels in shipping, the number of different engine types for ships is growing. Reuse of technical solutions will be important for engine developers such as MAN

Ukraine’s grain exports in the first seven days of July, the first month of the new 2022/23 season, were down 30% year on year at 402,000 tonnes

DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, has signed an agreement with Hapag-Lloyd for the use of advanced biofuels

Ports in Eastern Europe have identified alternative export routes to help boost Ukraine’s cargoes, as the war with Russia rages on driving skyrocketing shipping costs

An investigation is underway after an F/A-18 Super Hornet ‘blew overboard’ from USS Harry S. Truman. The ship was in the Mediterranean when the incident occurred

World Grain

Ceres Global Ag Corp. announced that it has suspended its canola crush project citing a variety of factors, including “inflationary pressures resulting in higher costs than initially projected and shifting macroeconomic conditions.”

Feed demand in China is forecast to rise in marketing year 2022-23 due to recovering demand for hog feed, according to a Global Agricultural Information Network report

The Headlines from The Panamax Post

·????????Calls grow for mandatory recording of suicides at sea

·????????Risk appetite and navigating sanctions compliance

·????????Coal India gains after capex jumps 65% in Q1 FY23

·????????Recapturing of Snake Island opens new grain export routes for Ukraine

·????????Ukraine grain exports down 30% so far in 2022/23 season, says ministry

·????????Sri Lankan ports operating normally despite political turmoil

·????????Hengli Group takes over STX Dalian assets

·????????Tackling the "FSO Safer" oil spill risk, off the Red Sea coast of Yemen

·????????New Mexico nuclear power research gets millions in federal funds. Can it be made safer?

·????????USDA acreage report: No shockers, but plenty for markets to watch

·????????Ceres suspends canola crush project

·????????China feed demand projected to rebound

·????????Ships Get Older and Slower as Emissions Rules Bite

·????????Impending Warning Strikes in the Ports Hamburg and Bremerhaven

·????????Intercargo: All Stakeholders Need to Reduce Risk of Cargo Liquefaction

·????????Explaining The Disconnect Between Physical And Paper Oil Markets

·????????Percentage of electricity generation from low-carbon sources in 2021

·????????US Navy loses plane as it's blown off flight deck in Med, and sinks

·????????Demand data points towards the end of the ‘wild’ carrier party

Videos

·????????Russia to shut down Nord Stream 1: Putin's gas offensive against the West

·????????Flooding in Pakistan claims dozens of lives as heavy monsoon rains lash the country

·????????Talk TV with Ed Accura

·????????'Major fire' ignites at natural gas plant in Oklahoma

Click here ???https://thepanamaxpost.com/??? to read all articles in today's Panamax Post