The European container market saw significant fluctuations during fourth-quarter 2024, driven by aggressive carrier strategies, market fundamentals, and seasonal demand patterns. The quarter was characterized by initial bearish trends in October, followed by a series of rate increases in November, and a steady market in December. The quarter began with a bearish sentiment in the …

CONTAINER QUARTERLY: Bearish sentiment into New Year amid volatile Q4 Read More »

Drewry’s World Container Index increased 2% to $3,986 per 40ft container this week. Our detailed assessment for Thursday, 09 January 2025 The Drewry WCI composite index increased 2% to $3,986 per 40ft container, 62% below the previous pandemic peak of $10,377 in September 2021 but 181% more than the average $1,420 in 2019 (pre-pandemic). The …

Drewry: World Container Index Up 2% Last Week Read More »

A third of seafarers have said that they have paid a fee to get a job, with many reporting that they had gone into debt to do so, according to a 2024 survey. Some 31% of respondents had been asked to pay a fee during their career, with 28% saying they were asked during 2024 …

One in three seafarers still being forced to pay illegal recruitment fees, survey finds Read More »

Castor Marine is excited to announce that Navarino has acquired 100% of the shares of Castor Marine B.V. This milestone marks an exciting new chapter for both organisations as they come together to better serve their customers with comprehensive, innovative solutions and a shared commitment to excellence. Both Navarino and Castor Marine are thriving businesses …

Castor Marine becomes part of the Navarino Group Read More »

The Board of Directors (the “Board”) of Orient Overseas (International) Limited (the “Company”) has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (“OOCL”) on a quarterly basis. This announcement sets out the unaudited operational update for OOCL for the fourth quarter ended 31st December 2024. The comparative figures for the …

OOCL Reports 55% Higher Revenues For The Fourth Quarter Ended 31st December 2024 Read More »

The Cyprus Shipping Chamber, is delighted to announce that its Board of Directors has unanimously decided to appoint its current Deputy Director General / Marine Manager, Mr. Alexandros Josephides, as the next Director General. Mr. Josephides will succeed Mr. Thomas A. Kazakos, who is taking over as Secretary General of the International Chamber of Shipping …

Mr. Alexandros Josephides is the next Director General of the Cyprus Shipping Chamber Read More »