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 ON THE     SEAFRONT




















 Edited by:   TANKERS, THE PROTAGONISTS   Regarding the value of each fleet type,   value exceeds $30 billion. Although  THE INTERNATIONAL SHIPPING
 Giannis Theodoropoulos,   OF GREEK-OWNED SHIPPING  tankers are at the top: the Greek-  the Greek-owned fleet of 137 LNG car-  COMMUNITY BY THE SIDE OF
 Manos Charitos  A  recent VesselsValue analysis  has  owned tanker fleet’s value exceeds $61   riers may seem small, the global fleet  TURKIYE AND SYRIA
 broken down the Greek-owned fleet by   billion. Thus, although the tanker fleet   currently numbers around 710 ships,  The global shipping community has
 ship type and value. According to this   constitutes 31% of the Greek-owned   and, therefore, Greek shipowners con-  shown its support to the people
 analysis, the Greek-owned fleet num-  fleet (1,450 out of 4,709 vessels), it rep-  trol about 19% of the market.  affected by the catastrophic earth-
 bers 4,709 commercial ships, whose  resents approximately 40% of its value.    quake in Turkey and Syria.
 cumulative value reaches $152.7 billion.   The  value of the Greek LNG car-  GLOBAL CONTAINER PORT   Maersk has donated 1,000 containers
 Of these, 2,272 are bulk carriers, 1,450   rier fleet is exceptionally high, given   CONGESTION TO DECLINE IN   to Turkey to aid those most impacted
 tankers, 430 containerships, and 252  the number of ships that comprise it.   2023  by the massive earthquake that struck
 gas carriers, while the rest are of various   According to VesselsValue, although   After more than two years of widespread   Turkey and Syria on 6 February. The
 other types.  this fleet numbers only 137 ships, its   port congestion, there have been signs   containers are already being con-
                                              of decongestion.                  verted into demountable houses. They
                                              Global pre-berth waiting time remained   will be ready to be deployed to the
                                              significantly higher than pre-pandemic   affected areas in the coming weeks
                                              levels through 2020-22. In 2019, pre-  to provide accommodation for those
                                              berth waiting time accounted for just  most affected. In addition, Maersk has
                                              over 17% of the total time at port, but in   announced that it will undertake fur-
                                              both 2021 and 2022, the pre-berth wait   ther initiatives in the coming weeks to
                                              increased to more than 25% of the total   help earthquake victims.
                                              time spent in ports.              At the same time, Japanese NYK and
                                              In the second half of 2022, the situation   K Line have donated 13 million yen to
                                              improved, despite increased disruptions   charities supporting the earthquake
                                              to supply chains due to transport worker   victims, while MOL has donated 5 mil-
                                              strikes. By 4Q22, only the North Amer-  lion yen to the Japanese Red Cross.
                                              ica and Oceania regions had pre-dock-  Israel’s ZIM, through its office in Izmir,
                                              ing waiting times that were 10% above   has sent containers loaded with basic
                                              2019 levels. In contrast, pre-berth wait-  necessities, such as baby food, to the
                                              ing time in Europe represented 16.6% of   affected areas. On Sunday, 13 Feb-
                                              the total time spent in ports, just 1.2%   ruary, a CMA CGM Air Cargo aircraft
                                              above the 2019 average of 15.4%.  flew to Gaziantep in Turkey to trans-
                                              Drewry expects pre-berth waiting time   port the civil security field hospital
                                              to return to pre-pandemic levels in   deployed by the French Civil Security.
                                              2023, driven by reduced demand, lower   In addition, the CMA CGM Founda-
                                              economic growth, and more normal  tion is preparing its contribution to a
                                              seasonality. Signs of the latter trend  humanitarian operation for the popu-
                                              were evident in the first weeks of 2023,   lations affected by the earthquake in
                                              which heralds more predictable times,   Syria in conjunction with non-govern-
                                              although continued blank sailings will   mental organisations and the United
                                              increase average berthing times.  Nations.


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