Container ship

The port of Piraeus has so far weathered the impact of the Red Sea attacks, but will not be able to do so for much longer, ratings agency DBRS Morningstar warns, as it is expected to take a significant blow with a reduction of 30% or more in cargoes over the next period, due to container shipping giants stopping or changing their routes.

The handling of containers in Piraeus appears to have dropped by approximately 30% compared to last year, due to the ongoing crisis in the Red Sea, which has forced a very large part of the commercial ships to sail around Africa.

In a concerning development for global trade, the Suez Canal has experienced a dramatic drop of more than 40% in traffic volume, attributed to repeated attacks by Yemen rebels on merchant ships. The United Nations, through data provided by the UN Conference on Trade and Development (UNCTAD), expresses deep concerns about the implications of these disruptions on worldwide commerce.

The attacks on commercial ships in the Red Sea by Yemen's Houthi rebels have rerouted a majority of global trade away from the crucial maritime artery for goods and supplies that are likely to impact Turkish consumers through rising prices.

Two of the world's largest shipping firms, Maersk and Hapag-Lloyd, said Friday they were suspending passage through a Red Sea strait vital for global commerce, after Yemeni rebel attacks in the area.

The Vernon C. Bain Correctional Center is a five-story jail barge that stretches the length of two football fields, resembling a container ship stacked with cargo

One of the largest container ships in the world, and one of the two largest that have so far docked in Piraeus, was welcomed on its maiden voyage by the Piraeus Container Terminal (PCT).

This is the OOCL Piraeus, a mega container vessel owned by Orient Overseas Container Line Europe, a subsidiary of the COSCO Shipping Group.

Nearly 600 cruise ships carrying more than 550,000 passengers have called at Turkish ports in the first eight months of this year, Transport Minister Adil Karaismailoğlu has said.

Capital Product Partners L.P.

The new Super Post Panamax Ship Loading and Unloading Bridge Crane has arrived at the Port of Piraeus. The bridge crane can serve mega container ships of 20,000 TEU and is intended to be installed in Pier I, according to a relevant announcement.