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Dry Bulk Market: Mixed Fortunes
by hellenicshippingnews… on 27 September 2024 at 9:00 pm
The dry bulk market has been a mixed bag so far in 2024, in terms of performance, with Capesizes faring much better than smaller ship classes. In its latest weekly report, shipbroker Xclusiv said that “the dry bulk market has exhibited a mixed performance since the beginning of the year, with different segments experiencing varying …
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Experts: “When A Port Closes Down It Is Not An Immediate Impact, It Is A Ripple Effect Until Things Normalize”
by hellenicshippingnews… on 26 September 2024 at 9:00 pm
The looming strikes at U.S. ports’ will be yet another major supply chain disruption in the post-COVID era. As a result, experts have warned that a ripple effect is about to be unleashed in the global shipping market. Stamatis Tsantanis, Chairman & CEO of Seanergy Maritime and United Maritime, says that “when a port closes …
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Greece qualifies Panama’s inclusion in discriminatory lists as “undeserved”
by hellenicshippingnews… on 26 September 2024 at 9:00 pm
On the sidelines of the 79th UN General Assembly, the President of Panama, José Raúl Mulino, held a bilateral meeting with the Prime Minister of Greece, Kiriakos Mitsotakis. During the meeting, the priorities of the two countries during their tenure as non-permanent members of the UN Security Council for the 2025-26 term were discussed, as …
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Thessaloniki Port Authority S.A. Reports Higher Six-Month Financial Results
by hellenicshippingnews… on 26 September 2024 at 5:00 pm
Thessaloniki Port Authority S.A. (ThPA S.A. or the “Company”), the operator of the port of Thessaloniki and the multi-gateway intermodal network and logistics solution provider for the Balkans and the broader Southeast, Central and Eastern European region, announced the financial results for the 1st half of 2024. Specifically, following the approval of the Semi-Annual Financial …
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23rd Navigator 2024 – The Shipping Decision Makers Forum in Chios & Oinousses islands: Developments and Challenges in Shipping beyond the Boundaries
by hellenicshippingnews… on 26 September 2024 at 5:00 pm
The “23rd NAVIGATOR 2024 – THE SHIPPING DECISION MAKERS FORUM” was successfully organized by NAVIGATOR SHIPPING CONSULTANTS from September 20 to 22, 2024, on the islands of Chios and Oinousses, from which Greek shipowners manage nearly 10% of the world’s commercial fleet. The participation of 200 distinguished executives and representatives from shipping companies, organizations, and …
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Ship Recycling Still Lackluster
by hellenicshippingnews… on 25 September 2024 at 9:00 pm
The ship recycling market is still lackluster, with sentiment and activity still low. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the ship recycling industry is enduring a challenging phase, marked by weak sentiment and low activity across all major markets. In India, market participants are cautious, …
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NT Maritime Partners With Princess Lodges and Westmark Hotels to Modernize Communications Across 9 Alaskan Hotels
by hellenicshippingnews… on 25 September 2024 at 9:00 pm
NT Maritime, formerly known as netTALK Maritime, is proud to announce a strategic partnership with Princess Lodges, a division of Princess Cruises, and Westmark Hotels, a subsidiary of Holland America Line, to revolutionize communications systems across Alaska. This partnership marks a significant step forward in unifying and upgrading their technology infrastructure with cutting-edge, next-generation solutions. …
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Ocean carrier alliance shakeup offers varied service choices for shippers
on 25 September 2024 at 2:22 pm
The new network designs recently rolled out by ocean carriers will present shippers with quite an element of choice, and in turn ensure strong competitive pressure among the liners, writes Lars Jensen.
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Port Tanjung Pelepas operating model key to ensuring Gemini reliability goals
on 25 September 2024 at 1:22 pm
The facility, which is 30% owned by the Maersk terminal unit APM Terminals, is the largest relay port in the Gemini Asia-to-Europe hub-and-spoke network that aims to redefine the concept of container shipping reliability.
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Large Bulkers in High Demand
by hellenicshippingnews… on 24 September 2024 at 9:00 pm
Demand is still quite high for larger dry bulk carriers. In its latest weekly report, shipbroker Banchero Costa commented on the newbuilding market that it’s been a quiet week for bulker orders, although there’s still appetite for larger ships. The shipbroker said that “Shandong Shipping has added two additional methanol ready 325,000 dwt bulk carriers …
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More US ports reveal contingency plans as ILA strike deadline inches closer
on 24 September 2024 at 8:22 pm
The plans come amid the increasing likelihood that the International Longshoremen’s Association will not reach an agreement with the United States Maritime Alliance on a new master contract covering East and Gulf coast dockworkers.
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Railroads set deadlines for accepting exports ahead of potential ILA strike
on 24 September 2024 at 7:27 pm
The railroads say they can store some export containers after the Oct 1 strike deadline, but exporters will also shoulder the responsibility for holding their cargo if a possible work stoppage drags on.
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‘Wake-up call’ to shipping as 2030 emissions targets slip away: report
on 24 September 2024 at 6:00 pm
The next 12 months are critical for the maritime industry to accelerate its decarbonization efforts to avoid shipping falling irreparably behind its climate goals, according to an annual progress report from industry groups.
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Euroseas Ltd. Announces 3-year Charter Contract for its Intermediate Containership, M/V Synergy Busan
by hellenicshippingnews… on 24 September 2024 at 5:00 pm
Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today a time charter contract for its 4,250 teu intermediate containership, M/V Synergy Busan, for a minimum period of 36 to a maximum period of 38 months at the option of the charterer, at a gross …
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DB Schenker customers spooked by DSV takeover welcome at DHL: CEO
on 24 September 2024 at 12:42 pm
The integration of two large companies in similar industries is “particularly challenging,” according to Tobias Meyer, who withdrew DHL’s interest in DB Schenker earlier this year.
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Lack of terminal handling charges emerges as a factor in ILA talks
on 24 September 2024 at 12:41 pm
Because carriers don’t assess terminal handling charges in the US, any wage increase maritime employers agree to in longshore contract negotiations comes directly out of their pockets.
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White House’s executive lever to prevent port strike is politically toxic
on 24 September 2024 at 10:00 am
The Biden administration may have no choice but to invoke the Taft-Hartley Act to stop a US port strike even as broader support for Democrats among transportation unions falters ahead of the presidential election.
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Montreal dockworkers to take strike vote as contract talks continue
on 23 September 2024 at 9:03 pm
The union representing Montreal’s longshore workers is looking to ratchet up pressure on the port’s employers as the two sides are set to meet after a strike vote takes place.
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Dry Bulk Market: Brazil’s Soyabeans Gaining Market Share
by hellenicshippingnews… on 23 September 2024 at 9:00 pm
Brazil’s soyabean exports are gaining traction, as a result of various market dynamics, which could lead to an increased cargo demand in the near future, amid a tariff war between the US and China. In its latest weekly report, shipbroker Intermodal said that “according to the latest USDA report, released on September 12th, the United …
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Asia-US East Coast spot rates plummet amid strike threat cargo diversions
on 23 September 2024 at 8:19 pm
Front-loaded cargo has dried up ahead of potential labor disruption on the East and Gulf coasts, putting heavy pressure on container spot rates from Asia.