The National Transportation Safety Board has issued its report on a deadly engine room fire that broke out Jan. 8, 2024, when the Danaos-operated containership Stride was bunkering while docked at the Barbours Cut Marine Terminal in LaPorte, Texas.
The fire self-extinguished after crewmembers shut down all ventilation to the engine room. Two crewmembers died as a result of the fire and one was seriously injured. The 1997-built Stride was declared a total loss valued at $12 million and was...
The container shipping market saw a dynamic week, marked by notable fluctuations in stock performance among key players. Factors such as tariffs, political tensions, geopolitical conflicts, and disruptions in global trade distribution have significantly affected the industry.
Below are the weekly stock highlights of the container shipping sector:
SITC International Holdings Co Ltd (1308)
SITC International Holdings exhibited mild fluctuations, starting at HKD 18.52 and peaking mid-week at HKD...
https://container-news.com/weekly-update-container-shipping-stock-highlights/
Η Danaos διαθέτει έναν εκτεταμένο στόλο 73 containerships, με χωρητικότητα από 2.200 έως 13.100 TEUs, καθώς και 10 bulk carriers τύπου capesize. Επιπλέον, η παραγγελία για νέα containerships, τα οποία θα παραδοθούν σταδιακά μέχρι το 2028
Greek vessel owner Danaos Corporation announced the addition of two 9,200 TEU newbuild vessels to its orderbook. The company said it booked the newbuildings in December 2024 and expects to receive them in 2027.
In February, Danaos entered into a syndicated loan facility agreement for an amount of up to US$850 million in order to finance all of its remaining newbuilding container vessels, including the two additional recent orders.
The company’s remaining orderbook currently consists of 15...
The container shipping industry continues to navigate a complex and ever-evolving landscape, shaped by shifting economic conditions, geopolitical tensions, and supply chain disruptions. Over the past week, stock prices across major shipping companies have reflected a mix of resilience and volatility, influenced by factors ranging from Red Sea security threats to fluctuating global trade demand.
As freight rates remain elevated and rerouted shipping lanes reshape the industry’s cost structures,...
https://container-news.com/weekly-update-stock-performance-of-container-shipping-sector/
Λίγες ημέρες μετά την ανακοίνωση της 20ης παραγγελίας ο ‘Eλληνας πλοιοκτήτης δήλωσε στους επενδυτές ότι η εταιρεία «προς το παρόν, θα κάνει μια παύση»
One of the major threats to shipping was identified by John Coustas, the president and CEO
of ship owner Danaos Corporation, who said that deglobalisation is the major threat to
shipping today.
Speaking at Posidonia’s Capital Link conference in Athens, Coustas said that globalised trade is better for the world’s population because it reduces costs and he added that container shipping was a disruptive force.
“The biggest danger to shipping is deglobalisation, protectionism is a major challenge.
Deg...
https://container-news.com/danaos-denounces-protectionism-threat-to-shipping/
The Australian Maritime Safety Authority (AMSA) has issued a three-month ban on the Cypriot-flagged bulk carrier Peace from entering Australian ports due to its unseaworthy condition. The ship is operated by Danaos…
https://gcaptain.com/australia-bans-danaos-bulk-carrier-for-3-months-over-unseaworthy-condition/
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Red Sea diversions mean container lines need more ships to carry the same amount of cargo. The...
https://www.freightwaves.com/news/container-lines-scramble-to-rent-more-ships-amid-red-sea-crisis
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Two crew members died and a third was injured after a fire aboard a container ship at Port Houston.
Th...
https://www.freightwaves.com/news/2-dead-after-fire-aboard-container-ship-at-port-houston