Container ship

Greek shipowners in 2024 in the shipbuilding order sector. In total, they have placed 163 orders with most of them or 88 being for tankers 53.9%.

These include 22 MR2, 19 Suezmax and 17 Aframax/LR2.

They also placed 31 orders for LNG carriers rate 19%. They have placed 27 orders for dry cargo carrier shipbuilding, 16.5% percentage of which 18 are for the Kamsarmax segment.

According to an analysis by shipbroking firm Xclusiv Shipbrokers, through the first half of 2024, Greeks have placed a total of 121 orders for tankers, gas carriers, freighters and container ships.

In detail:

– 65 orders in 2024 so far (Suezmax sector is their main preference with 18 orders)

Libra Group exited the container shipping market this week after selling close to 100 vessels for more than $2 billion over several years to focus on innovation and sustainability as new drivers of growth, the company's executive chairman said.

The Australian Maritime Safety Authority (AMSA) has taken decisive action, imposing a three-month ban on the Cypriot-flagged bulk carrier Peace from accessing Australian ports due to serious safety concerns.

Managed by Danaos Shipping Co, a leading global container ship operator and the exclusive manager of Danaos Corporation, the vessel recently re-entered the dry bulk market.

The port of Piraeus has so far weathered the impact of the Red Sea attacks, but will not be able to do so for much longer, ratings agency DBRS Morningstar warns, as it is expected to take a significant blow with a reduction of 30% or more in cargoes over the next period, due to container shipping giants stopping or changing their routes.

The handling of containers in Piraeus appears to have dropped by approximately 30% compared to last year, due to the ongoing crisis in the Red Sea, which has forced a very large part of the commercial ships to sail around Africa.

In a concerning development for global trade, the Suez Canal has experienced a dramatic drop of more than 40% in traffic volume, attributed to repeated attacks by Yemen rebels on merchant ships. The United Nations, through data provided by the UN Conference on Trade and Development (UNCTAD), expresses deep concerns about the implications of these disruptions on worldwide commerce.

The attacks on commercial ships in the Red Sea by Yemen's Houthi rebels have rerouted a majority of global trade away from the crucial maritime artery for goods and supplies that are likely to impact Turkish consumers through rising prices.

Two of the world's largest shipping firms, Maersk and Hapag-Lloyd, said Friday they were suspending passage through a Red Sea strait vital for global commerce, after Yemeni rebel attacks in the area.

The Vernon C. Bain Correctional Center is a five-story jail barge that stretches the length of two football fields, resembling a container ship stacked with cargo