Greek shipowners have piled on newbuildings contracts over the last 12 months with the orderbook growing by over 50% according to figures published by the London-based Hellenic Shipping Cooperation Committee (GSCC).
Houthi rebels in Yemen say they will expand the range of their attacks on shipping to cover across the Indian Ocean to South Africa and the Cape of Good Hope.
With returns sliding back to pre-Covid levels after the supercharged pandemic period shipping lines are looking to control costs again to keep their heads above water.