The bulk cargo freight market has fallen to its lowest point in recent months, but analysts remain optimistic about the course of fares in 2022, based on the fundamentals of the industry. In particular, the key index of the freight market, Baltic Dry Index fell yesterday to 2,229 points, which is the lowest level since […]
Tag: Shipping news
Containerships ‘climb’ again – The latest buying and selling deals
By George George The return of fares in the container transport market, after a temporary correction in the previous period, drags – gradually – again upwards the prices of used steamers. “We are seeing several deals in the last few days and prices are rising again,” a freight broker told Capital.gr. The interest, as he […]
In Piraeus the largest ‘queues’ of ships in Europe
By George George The port of Piraeus has been facing a “perfect storm” lately, resulting in delays in the service of ships. The mobilizations of the previous weeks, the weather conditions and the crisis in the supply chain have brought unprecedented conditions in the port infrastructure. According to information shared with Capital.gr, the Danish shipping […]
‘Next-Gen’ ships are built by Greek shipowners
By George George “The question of one trillion in shipping is about the fuel that will dominate the market for the next decade.” This was pointed out by Dionysis Christodoulopoulos, CEO of MAN Energy Solutions Hellas Ltd, which is related to ship propulsion engines, at the recent conference organized by the Institute of Chartered Shipbrokers […]
Deloitte: The role of ESG criteria in seafaring
The way in which environment, society and corporate governance (ESG) issues affect the course of seafaring is the subject of a new study by Deloitte Greece. Specifically, Deloitte Shipping Partners, Elias Makris and Michalis Stergiou, in their study which was based, among other things, on a sample 38 listed shipping companies, 14 of which are […]
New moves of the Laskaridis and Delaporta families on cargo ships
By George George “The market is at a healthy level. The crazy course we see in containerships may not be recorded, but it presents several positive elements.” With this phrase, an executive of a leading Greek shipping group briefly describes in Capital.gr the freight market for the transport of bulk dry cargo. Market leader is […]
The increased cost of shipbuilding ‘freezes’ the investments of shipowners
By George George New investment plans to adapt to the forthcoming environmental regulations are being prepared by several shipowners, but the high prices currently recorded in the shipyards do not allow their immediate implementation. One company with a ready “green” plan, which is delayed due to the situation in the yards, is Neptune Lines, interests […]
Unprecedented gains in containerships in 2021
By George George Regular liner shipping companies will record profitability in 2021, as freight rates in the container transport market remain at very good levels and the outlook looks positive in the short term. The results of the third quarter are indicative. According to Danish consulting firm Sea-Intelligence, liners’ earnings before interest and taxes (EBIT) […]
Greece elected first place in the Council of the International Maritime Organization (IMO)
Greece took first place in the 32nd Session of the Assembly of the International Maritime Organization (IMO) and the electoral process for the election of new members of the Council, for the first time in the history of the Organization, receiving 150 votes out of a total of 157. The election of our country, for […]
Maritime Cooperation Agreement signed between Greece and Saudi Arabia
“Cooperation Agreement between the Government of the Hellenic Republic and the Government of the Kingdom of Saudi Arabia in the Sector of Maritime Transport”, was signed today in London, between the Minister of Shipping and Island Policy Mr. Giannis Plakiotofos and the Minister of Foreign Affairs Mr. SalehAl-Jasser. Commenting on this new agreement, Mr. Plakiotakis, […]