Container ship

The GREEN4SEA Excellence Award was awarded to Capital Ship Management Corp. (‘Capital’) for demonstrating environmental excellence and performance above average.

As ships are becoming larger and transporting an increasing amount of goods, seaports are confronted with the task of accommodating the new vessels, as ports in Turkey ponder expansionAround the world, demand for "mega-ships" has increased in recent years and countries such as Turkey have lacked seaports with the sufficient size and logistics to take them in. 

Two Chinese port companies, China Merchants and China Ocean Shipping Company (COSCO), and the country?s largest state fund, China Investment Corp. (CIC), have signaled their intent to buy Turkey?s largest private port, Kumport, according to sources familiar with the issue. 

By Nikos Roussanoglou

Another international container shipping company, Taiwan?s Yang Ming Lines, is about to expand its use of the installations of Piraeus Container Terminal (PCT), the local subsidiary of China?s Cosco Pacific. Yang Ming follows the example of MSC, Maersk and Cosco itself, while other firms, such as France?s CMA CGM, occasionally use Piraeus too.

By Nikos Roussanoglou

Greek shipowners accounted for 30 percent of all ship acquisitions in the world in August, as they bought 23 vessels with a total capacity of 2.14 million deadweight tons and a total value of 622.1 million euros, according to data released by shipbrokers Golden Destiny.