By Anastasia Vamvaka The retrofit work is progressing and the first test voyages have begun. The Levante Ferries ship that will connect Izmir with Thessaloniki, with a stop at Mytilini, a new route in Greek and Turkish shipping, has “postponed” the start day of the routes, with the hope that they will all start by […]
Tag: Shipping news
The ports of Liverpool and Felixstowe are on strike
By Anastasia Vamvaka Hundreds of dock workers at the Port of Liverpool, one of the UK’s largest container ports, are to strike over pay and working conditions. It is the second UK port to go on strike as supply chain problems remain. “The strikes, the dates of which have not yet been set, will bring […]
Geopolitical developments favor fare prices
By Anastasia Vamvaka The dry bulk market has seen its freight rates lose strength in recent days with the main index ending the week below 2,000 points, a level previously reached in February. The market index (02/08/2022) closed at 1,817 points, down 244 points compared to last Tuesday’s close. Crude sectors saw their rates decline […]
Panama’s registry has grown by 9.6% since 2019
Panama’s Register has grown in capacity by 9.6%, adding 20.4M GT between July 2019 – when the current administration took over – and July 2022, for a total capacity of 239.4M GT. According to IHS Markit for the month of July 2022, the Panamanian fleet consists of 8,587 ships. According to statistics from the Maritime […]
What applies to bank lending in coastal shipping
By Anastasia Vamvaka The market is waiting for the approval of the ANEK rescue plan submitted by the Attica group. A year ago, the Attica group submitted a rescue plan for ANEK to the latter’s creditors, which provided for the undertaking to cover ANEK’s working capital needs. The business plan that accompanies Attica’s proposal foresees […]
What are the 28 companies active in Greek coastal shipping?
By Anastasia Vamvaka In 2022, 100 coastal ships serve 115 islands of the country daily, either connecting them to the mainland or making connections between them. Most – especially these days – depart with occupancy that reaches 100%, however the bet – despite the data for record tourist traffic – is that the revenue from […]
Coastal shipping: The opportunities but also the challenges of the sector
By Anastasia Vamvaka The gradual increase in passenger traffic and transport work is shown by XRTC’s new research on Greek shipping, presenting the open challenges that the industry has to manage in order to move on a healthy trajectory. The demand for ferry services followed a steady upward trend in the four years 2016-2019, with […]
Petros Pappas: Star Bulk’s profits soared by 61.2%
By Anastasia Vamvaka The investment of 250 million euros with the installation of scrubbers, the specialized systems to reduce sulfur dioxide emissions, about 3 years ago seems to have brought to Star Bulk, the impressive financial results for both the third quarter of the year and the first report semester of 2022. Through the installation […]
Passenger traffic at the country’s three major ports is soaring
Her Anastasia Cotton Passenger traffic in the three major ports of the country is recording a steady increase that will escalate even more in the coming days. In the port of Rafina the increase exceeds 25%, in Lavrio 20% and in the port of Piraeus close to 14%. Departures – July 2022 Piraeus 791,878 passengers […]
Port congestion causes company stocks to rally
Her Anastasia Cotton The number of listed containership companies valued at more than $10 billion rose to six this week, with two more lines following close behind, according to the latest figures from Alphaliner. Most container stocks have risen between 15% and 40% since early July, when the first week saw a general decline in […]