Overcapacity and stalling demand are driving container shipping rates to new lows, according to the latest Market Pulse report from consultant Linerlytica.

Tiemen Meester, COO, Ports & Terminals at DP World, writes about utilising digitalisation and innovations in port equipment to transform terminal operations.

Oslo analyst, Rystad Energy, predicts that no fewer than 174 export terminals will focus primarily on converting hydrogen into ammonia by 2035, accounting for 62% of hydrogen exports or about 13.5 million tonnes per year.

Former Goldman Sachs associate, shipping investor and political novice, Stefanos Kasselakis was elected as the leader of Greece’s leftist Syriza main opposition on 24 September, though not a member of parliament.

ONE (Ocean Network Express) and Cosco Shipping will start the new LUX container service. This route connects Europe and the Mediterranean to the east coast of South America with weekly stopovers.

In a bid to enhance their export orientation and strengthen their collective position in the international market. Greek ships’ equipment makers and the country’s exporters have signed an MoU.

Alan Murphy, CEO and founder of Copenhagen supply chain analyst Sea Intelligence, has warned of widespread service cancellations on major trade lanes across the Pacific Ocean and between Asia and Europe between now and the end of the year.

Cyprus Union of Shipowners (CUS) President Andreas Hadjiyiannis recently highlighted challenges faced by Greek shippers and called for European measures that will help boost the sector’s competitiveness.

On top of individual donations Greek shipowners are donating EUR50 million to the flood victims in central Greece Thessaly region, the country’s breadbasket.