Intermodal containers

Libra Group exited the container shipping market this week after selling close to 100 vessels for more than $2 billion over several years to focus on innovation and sustainability as new drivers of growth, the company's executive chairman said.

The Australian Maritime Safety Authority (AMSA) has taken decisive action, imposing a three-month ban on the Cypriot-flagged bulk carrier Peace from accessing Australian ports due to serious safety concerns.

Managed by Danaos Shipping Co, a leading global container ship operator and the exclusive manager of Danaos Corporation, the vessel recently re-entered the dry bulk market.

Authorities have foiled smuggling attempts worth more than 1 billion Turkish Liras in several cities, including Istanbul, seizing counterfeit currency and leading to several arrests.

The Red Sea is a critically important route for companies that are shipping goods from Asia to Europe

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.

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.

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

With the construction of permanent housing in earthquake-hit provinces, especially Kahramanmaraş, Gaziantep, Malatya, and Adıyaman, concluding swiftly as part of the rehabilitation efforts, survivors living in tents are gradually being relocated to permanent houses and container cities.

Titanium rods and high-tech lathes, which are raw materials that can have civilian, commercial, but also military use, have been seized by customs officers at the port of Piraeus. They were loaded at the port of Shanghai in China and, according to information from a foreign agency that reached the Money Laundering Authority, were destined for Iran.