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COSCO Shipping Energy Transportation has unveiled a 24-vessel VLCC expansion combining firm newbuilding contracts with long-term bareboat charter arrangements at Chinese shipyards.
Greece’s Piraeus Port Authority reported an 8.2% drop in nine-month revenue and a 21.5% decline in net profit as container and cruise traffic weakened, though third-quarter figures showed signs of recovery.
Container throughput at Piraeus’ Terminals II and III rose 15.3% year-on-year in September, with COSCO Shipping Ports pointing to the expected arrival of the first Suez-routed vessel at the port by late October.
Piraeus Port Authority received a special industry award marking a decade since COSCO Shipping became its strategic shareholder, even as container volumes at the Greek hub fell sharply in the first half of 2026.
A new temperature spike aboard the fire-damaged Ro-Ro vessel Min Jiang Kou has forced salvage crews off Panama to resume emergency cooling operations more than a month after the original engine-room blaze disabled the ship.
