News

Container newbuilding values ​​are currently at an all-time high.

The value of 15,000 TEU Panamax newbuildings has continued to rise since the beginning of the year and currently stands at US$210.5 million, compared with US$158.52 million in the same period last year, an increase of approximately 33% year-on-year.

Rates for 7,000 TEU Post-Panamax vessels exceeded the record set in 2010 earlier this year and have continued to rise since then.

Currently, the value of new Panamax ships is US$114.7 million, an increase of approximately 32% from US$87.03 million last year. The cost of new shipbuilding has increased due to increased demand, limited supply from shipyards, rising material costs, and competition from other ship types for existing ship slots.

From January 1, 2025, the European Union will raise its greenhouse gas emissions standards.

As part of Europe's broader strategy to reduce its dependence on fossil fuels, the upcoming 《Fuel EU》regulation focuses on fuel choice. Compliance mechanisms will also require the further integration of data and digital technologies into maritime trade.

Shipping companies (and more specifically, entities with responsibility for the ISM Code) must start reporting EU voyage data and GHG emissions, including CO2, hydrocarbons CH4 and nitrogen oxides N20 for all ships above 5,000 GT.

 Greek shipowners have attracted attention with their bold investment stance, which may affect the future direction of global trade. 

 Here, we examine speculative investments by Greek maritime giants and the key factors driving these unprecedented investments in gas ships and offshore assets.

In July this year, the global container ship market ushered in a new peak

with a total of 57 new ship orders received. The order volume in this month alone exceeds the total order volume of 40 ships in the first six months of this year. This number is a record since The highest record since June 2022, when 65 new ship orders were obtained.