Greener Shipping Summit delivers clear message: collaboration is key to safe decarbonisation

Though education in the latest technology is a must, "education should not underestimate and cannot replace the importance of traditional values and principles" declared Panos Kourkountis, the keynote speaker at this week's Greener Shipping Summit.

Dinner in honor of the Supporters of the International Propeller Club, Port of Piraeus.

On Monday, October 30th, in the Caryatids hall of the Grand Hyatt Hotel in Athens, 250 guests attended a dinner honoring the supporters of the Propeller Club, Port of Piraeus, in a warm and pleasant atmosphere.

The El Niño is in jeopardy to affect global shipping

The El Niño, a natural climate phenomenon marked by warmer-than-average sea surface temperatures in the central and eastern Pacific Ocean near the equator which occurs on average every 2-7 years, is in jeopardy to affect global shipping.

ONE Strengthens Global Presence with Terminal Acquisitions in the US West Coast and Rotterdam​​​​​​​

Ocean Network Express (ONE) is pleased to announce it has obtained all necessary regulatory approvals and completed its acquisition of a 51% stake in each of TraPac LLC (“TraPac”) and Yusen Terminals LLC (“YTI”), and a 20% stake in Rotterdam World Gateway (RWG). In addition to strengthening ONE's presence in the global supply chain, these acquisitions safeguard its access to terminal capacity in key and strategic gateways, support its growth ambitions, and enhance its service offerings to customers.

TraPac and YTI are container terminal operators and vessel stevedores that provide container terminal services in Los Angeles and Oakland, California. Both terminals are equipped with the latest technology and have been serving liners at the Port of Los Angeles since 1987 and 1991 respectively. With a combined capacity of 4.3 million TEU annually, the acquisition of these two terminals further strengthens ONE's position on the US West Coast.
RWG operates a highly automated container terminal in the Port of Rotterdam with an annual capacity of 2.6 million TEU. A stake in RWG gives ONE long-term capacity and strengthens ONE’s position as a key hub in the region.
These acquisitions are part ONE’s midterm strategy to continuously invest in its operations. Hiroki Tsujii, Managing Director of ONE’s Product & Network Division, emphasized the strategic value of these acquisitions: “Container terminals are a critical link in the supply chain with the unique ability to cushion the impact of operating disruptions. ONE will leverage these terminals to help customers manage supply chain disruptions and improve service quality. In addition, these assets will enable ONE to deliver faster and more reliable service to our customers.”
With the completion of these three acquisitions, ONE establishes a strong presence in three key strategic locations: the US West Coast (Trapac, YTI), North Europe (RWG), and South East Asia (Magenta Singapore Terminal).

New drop for the dry bulk cargo market

Iakovos (Jack) Archontakis
Commercial Manager TMC MARITIME CO.

Dr. Fotios-Evangelos Karlis
Maritime Executive and Consultant

The dry bulk cargo market continued to record across all sizes, with Panamaxes and Supramaxes showing the biggest losses, followed by the rest of the sizes. In detail, Capes fell by 4.2%, Kamsarmaxes -9.79%, Supramaxes -7.01% and Handies -5.5%, compared to the previous week.

22ND NAVIGATOR 2023 – The shipping decision makers forum

Τhe 22nd NAVIGATOR 2023 – THE SHIPPING DECISION MAKERS FORUM, under the theme #NavigateTheChange, will take place on Thursday, November 9th, 2023. This exclusive event will unfold at the iconic Stavros Niarchos Foundation Cultural Centre (SNFCC) in Athens, commencing at 09.30hrs and concluding at 14.00hrs.