shipping 2Major container-shipping lines are slashing sailings on the world’s busiest shipping route between Asia and Europe as lower growth in China and a sluggish eurozone economy hurt container volumes.

The late summer season is normally a peak period for container shipping as retailers stock up for Christmas sales. About 95% of the world’s manufactured goods, ranging from toys and clothing to electronics and household goods, are moved by container ships. But a glut of tonnage

setel hellas helica maritime cyprus 2015

Setel Hellas, in co-operation with Helica Maritime Ltd, are participating at the Maritime Cyprus 2015 Conference, with subject “Shipping: Game Change”, presenting the innovative and award winning SeeMBox-V Solution.

The Maritime Cyprus Conference, taking place from the 13th to the 16th of September 2015 at “Evagoras Lanitis Centre”, in

maersk container 2

Danish conglomerate provides boost to investors through a $1 billion share repurchase

A.P. Moeller-Maersk A/S has stepped up its fight for freight-shipping business and abandoned some financial targets for its oil operations as the Danish conglomerate adapts to persistently low crude prices and stiff competition in the cargo market.

Maersk on Thursday also provided a boost to investors

cruiseship permanent houses

If you are struggling to find a property or piece of land of your own, it might be time to look to new horizons — on the ocean.

People are snapping up permanent homes on luxury cruise ships, where full ownership of a floating studio condo could set you back just over $446,500.
And it could be an attractive alternative for out-of-luck buyers in Sydney and Melbourne, with

shipping 1

Greek owners, who operate almost a fifth of the global fleet of merchant ships, paying rock-bottom prices for competitors’ vessels.

Greece’s shipping magnates, having emerged largely unscathed from both the country’s ravaging financial crisis and one the industry’s longest-ever downturns, are now extending their dominance by snapping up vessels from competitors who haven’t fared as well.

The

santorini thalassa

Direct Ferries has handled a record number of ferry bookings to Greece this summer, noting a 35% rise compared to 2014.

Mobile bookings have been particularly popular and many foot passengers are booking £50 return tickets to travel between mainland Greece and the coastal islands.

“It is very interesting to see the number of bookings that have been made on the app, particularly in Greece – our customers definitely have not been put off

ship loading 2

Greece’s world-leading shipping industry is coming under increasing pressure to carry a big part of the new taxes the new bailout agreement requires.

The Greek government has agreed to raise taxes on the long-protected sector of shipping, “a part of Greek culture that it has tax breaks enshrined in the constitution,” a Wall Street Journal report says.

The shipping industry is dominated by a small circle of family run companies that control

tanker chemical

The Northern Hemisphere summer is usually a time for shipowners to reflect on their current business results and consider their future plans. Markets both Capital and Shipping are usually stable but soft at this time also. However this is not the case this year.
Shipping provides the primary service to physical world trade, carrying more than 90% of the raw materials, manufactured goods and energy products that make up

SmartBox V Navarone

Setel Hellas is proud to announce that one more prominent Shipping company trusts its innovative & valuable maritime ICT Solutions. In this context and after thoroughly evaluating the available options, NAVARONE S.A., has chosen Setel Hellas’ SmartBox-V™ for deploying on its fleet.

Mr. Sakellakos, ICT Manager of Navarone S.A., stressed that “the onboard ICT infrastructure must be an extension of our shore one. Taking that as granted

setel bite awards

Setel Hellas won the Gold Award in the “Strategy, Innovation & Extroversion”category at the Business IT Excellence (BITE) Awards for the benefits of its innovative Maritime Telemedicine Solution (MTS) to the whole maritime industry.

The Business IT Excellence (BITE) Awards 2015 Ceremony was held on Thursday, the 23rd of July

shipbuilding china

China’s total new shipbuilding order volume in the first half of 2015 reached 11.19m dwt, dropping by 72.6% year-on-year, the China Association of National Shipbuilding Industry (CANSI) has reported.

In the same period, China completed export ships with a total capacity of 16.71m dwt, up 8.5% year-on-year, while total on hand volumes reached 131.2m dwt, down 8.7%.

CANSI said the largest challenges of the whole shipbuilding industry are

setel hellas logicom

Setel Hellas and Logicom Solutions Ltd committed to a strategic expansion plan. They are pleased to announce that since January 2015 a very strong partnership has commenced between the two companies.
Logicom Solutions Ltd is a leading provider of total integrated IT solutions in Cyprus, Greece, Malta, UAE and the neighboring countries. Being specialized in the areas of Systems Integration, Network Infrastructure, IT Infrastructure, Business

cuba havana port

Attica Holdings a member of Marfin Investment Group, announced that the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), granted Attica approval to operate through its wholly owned US subsidiary, Superfast Ferries (USA) LLC, a marine route between US and Cuba, in connection with travel or transportation of persons, baggage or cargo between the United States and Cuba. Attica is in the process of applying for appropriate regulatory and

mn Grande Ghana 1

With the deployment of additional tonnage, the Group enhances the service offered between the Mediterranean and West Africa

In order to satisfy the increasing market demand, the Grimaldi Group has proceeded with different actions which will further enhance its Mediterranean Express Service (MEX) regularly linking the Mediterranean to West Africa.
As from September, the frequency of the MEX service will be

Grimaldi lines cars

The vessels will be built at China's Jinling shipyard, with an option for another unit.

In the framework of the programme of expansion and renewal of its fleet, the Grimaldi Group has recently signed an additional agreement for the construction of three new PCTCs (Pure Car Truck Carriers), with the shipyard Jinling of China, for a total investment of USD 165 million.
The agreement foresees

cosco ship containers 2

The major Chinese shipping group Cosco is planning to add mega-ships to its container carrier fleet, according to media reports.
Cosco has reportedly ordered nine 20,000-teu capacity ships, with an option for four additional identical vessels.
The container ships will be built at three different Chinese shipyards: Shanghai Waigaogiao Shipbuilding (SWS), Nantong Cosco KHI Ship Engineering (NACKS) and at Dalian Shipbuilding Industry Co.

norway explorer

Hurtigruten has purchased a new expedition ship for the first time in almost ten years.

Built in 2009 by Portuguese shipyard Viana do Castelo, the 7,025gt Norway Explorer can accommodate 320 guests in a total of 180 berths and will replace Midnatsol on the Norwegian coast when she heads to Antarctica for the winter 2016-2017 season.

Prior to sailing her first Hurtigruten cruises in 2016, Norway Explorer will be completely refurbished at a

clia cruise growth europe

Economic contribution hits new record but hurdles to growth need to be tackled, says CLIA Europe Chairman

Europe’s cruise industry has delivered a record boost to Europe’s economic recovery, but CLIA Chairman Pierfranceso Vago has warned that future growth requires action to unlock potential.
Figures released today by CLIA Europe reveal that the cruise industry’s economic

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