Shipping

The Piraeus Port Authority S.A. (PPA), the operator of Greece’s largest port, recently announced its financial results for the fiscal year 2024 at the Athens Stock Exchange (ATHEX). The presentation, led by Deputy CEO Angelos Karakostas, highlighted the port’s impressive performance to the Union of Institutional Investors, showcasing another record-breaking year despite global economic headwinds. For the fourth consecutive year, PPA achieved

Egypt’s Suez Canal Authority (SCA) is introducing a 15% discount on transit fees for container ships with a net tonnage of at least 130,000 metric tons, effective from May 15 for a 90-day period. The move aims to encourage major shipping lines to return to the critical waterway, as the security situation in the region stabilizes, and to help offset rising insurance

Thessaloniki Port Authority S.A. (ThPA S.A.), the operator of the Port of Thessaloniki and a leading multi-gateway intermodal network and logistics solutions provider for the Balkans and the broader Southeast, Central, and Eastern European region, has announced record financial results for the fiscal year 2024. The Board of Directors approved the Annual Financial Report on April 15, 2025, highlighting a year of

The global tanker sale and purchase market has seen a notable slowdown in 2025 compared to last year’s robust levels, according to Xclusiv Shipbrokers. Despite the decline in transaction volumes, asset values have remained largely stable since the beginning of the year. From January to April 2025, only 129 tankers changed hands — a significant drop from the 194 deals recorded during

The United Nations Conference on Trade and Development (UNCTAD) released new seaborne trade data on 15 April, providing for the first time detailed country-level statistics on global shipping flows. This milestone dataset enhances understanding of trade dynamics and supports more informed policy and investment decisions across the maritime sector. Maritime transport remains the cornerstone of global trade, moving over 80% of goods

Eight Greek billionaires from the shipping industry, have made their mark on Forbes’ latest list of the world’s wealthiest individuals. The magazine, which has tracked billionaire wealth since 1987—when only 140 people globally held such fortunes—now counts 3,028 billionaires worldwide. The United States leads the pack with 902 billionaires, followed by China (516) and India (205). However, Greece stands out for its

The Freightos Baltic Index (FBX), the world’s leading container and freight rate benchmark, continued its decline in March 2025, sliding 24% month-on-month (MoM) to $2,094 per forty-foot equivalent unit (FEU)—its lowest level so far this year. This sharp drop was driven by a combination of post-Lunar New Year (LNY) demand softness, ongoing adjustments in carrier alliances, and expanded shipping capacity entering the

Shares of Danish shipping titan AP Moller – Maersk A/S fell sharply on Thursday, shedding nearly 10% in a single session, as fears over escalating global trade tensions roiled markets. The drop follows the U.S. administration’s announcement of sweeping new tariffs that could have wide-ranging implications for international commerce—and for the companies that move the world’s goods. The April 2 announcement introduced

The global shipbuilding industry may be approaching a turning point. While the sector faces long-term replacement needs for aging vessels, a new wave of capacity—particularly from China—is colliding with macroeconomic uncertainty, prompting forecasts that newbuild prices will stall in 2025. In its authoritative annual shipping market review, shipbroker BRS predicts that the global shipbuilding market will experience a slowdown in new orders.

The Greek-owned merchant fleet has reached a new historic milestone in 2025, with 4,221 ships now forming the backbone of global maritime trade. This figure, confirmed by the latest annual survey conducted by S&P Global Market Intelligence for the Greek Shipping Cooperation Committee (GSCC) in London, marks an increase from the 4,212 ships recorded in 2024. The fleet’s combined capacity stands at