TOKYO -- Shippers increasingly are fielding immense vessels to cut the costs of transporting goods from Asia to Europe, but some fear the trend will keep freight rates at low depths.

Greece, China sign deals to promote economic cooperation

ATHENS, Nov. 2 (Xinhua) -- Greek and Chinese state officials and representatives of major enterprises signed here Thursday a series of memoranda of understanding to promote bilateral economic

Aegean Bunkering Pte Ltd will halt physical supply operations in Singapore by January, the company said, becoming the fourth such firm to exit the world’s largest marine refuelling hub after it adopted tougher bunkering procedures this year.

Two groups have expressed an interest in the first stage of the tender by Gaiaose for the utilization of the 670,000-square meter plot the railway property company controls at the old Gonou military camp in western Thessaloniki.

Newbuilding ordering activity is firming up on increased demand by shipowners, who are convinced of the long-term rebound of freight rates and are willing to commit funds. In its latest weekly report,

Belt & Road Initiative showing tangible benefits in Europe: experts
BRUSSELS, Oct. 12 (Xinhua) -- The ongoing development of the Belt and Road Initiative has brought not only new opportunities for Europe's economic growth, but also social benefits to European citizen, experts said.

The Maritime Standard Awards name GAC Ship Agency of the Year 2017
Dubai, UAE, 30 October 2017 – The GAC Group has won the Ship Agency of the Year title at The Maritime Standard Awards 2017.

China is pouring billions of pounds' worth of investment into Greece and other Balkan countries to create a "New Silk Road" from the Mediterranean into the heart of the European Union.
The initiative, called One Belt One Road (OBOR) involves the transformation and upgrading of harbours, airports, roads and rail across the Balkans.

The Danish owner of the world's largest container shipper Maersk Line, said its computer systems were among those hit by the global Petya cyber attack, causing it problems processing orders and delaying cargoes.

The contractual obligation for investing 180 million euros in Thessaloniki port should be rapidly implemented, the chief executive officer of CMA CGM subsidiary Terminal Link, Boris Wenzel, and the managing director of DIEP, Alexander von Mellenthin, promised in their first formal joint appearance in Greece on Tuesday.

Greek-owned shipping interests and the primary union representing Greek seamen continue to clash over the labor regime governing some 5,000 Greek-owned vessels

Greece's iconic ocean-going shipping industry is apparently riding out the global recession affecting the sector, with figures showing that since 

Greece's iconic ocean-going shipping industry is apparently riding out the global recession affecting the sector, with figures showing that since January 2016,

Greek-flagged merchant vessels were down by one ship, as recorded in November 2016, from 1,834 to 1,833, in comparison to the same month in 2015.

Greece has remained the top shipowning nation in 2016, according to shipping analyst VesselsValue.

Greek shipping interests were sixth in terms of orders for new vessels in 2016, with orders totaling 1.9 billion US dollars, as the entire shipbuilding sector shrunk during the year due to surplus capacity.



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