www.TheSeaNation.gr

Skip to content

Τρι07012025

Last updateΔευ, 30 Ιουν 2025 11pm

News in English

Capes led BDI to higher levels

Λεπτομέρειες: Δημοσιεύτηκε στις Δευτέρα, 11 Νοεμβρίου 2024 06:10

Iakovos (Jack) Archontakis
Commercial Director TMC MARITIME CO.

Dr. Fotios-Evangelos Karlis
Maritime Executive and Consultant

The dry bulk cargo market showed upward trends thanks to CAPES, which posted a large weekly gain, while the rest of the metrics were under pressure.

Brief report and predictions for next week for handy and supramax sizes 8TΗ November 2024

Λεπτομέρειες: Δημοσιεύτηκε στις Δευτέρα, 11 Νοεμβρίου 2024 06:04

Iakovos (Jack) Archontakis

TMC Commercial Director

Handysize

• USG/USEC: The market declined due to an increase in available vessels. bulk ships 000

Although there were more cargoes, they weren't enough to absorb the extra supply and shift the market sentiment. A boost in demand is needed for stabilization next week.

• ECSA: The market started strong with a healthy volume of fixtures but slowed midweek, leading to lower rates. Most cargoes were for smaller vessels, leaving larger ones under pressure. No significant changes are expected next week.

• Continent: Oversupply pressured the market, though some Russian Baltic cargoes offered premiums, providing opportunities for owners. More activity is expected after Eisbein.

• Mediterranean: It was another slow week with weak demand, including a few grain cargoes from the Black Sea that couldn't reverse the downward trend. A flat market is anticipated next week.

• MEG/India: Increased demand helped stabilize the market. It is expected to remain firm next week.

• SE Asia/FEast: The southern region remained under pressure despite a healthy supply from Australia, mainly due to the negative trend of previous weeks. In the north, the market favored charterers due to a short cargo list. The outlook for next week is negative.

Ultramax

• ECSA: Demand increased, but oversupply from West Africa prevented rate hikes. Additionally, competition from Panamaxes kept the sentiment bearish for the following week.

• USG: The market continued to decline due to high tonnage and a short cargo list to Asia. Many charterers are also considering Panamaxes for SMX-UMX stems, so the market is expected to remain under pressure next week.

• Continent: Activity was slow due to Eisbein, pressing rates down. More action is expected next week, but it's uncertain if this will affect rates.

• Mediterranean: There was a lack of fresh demand from both the west and east. Charterers in the Black Sea took advantage of the weak market, not offering attractive premiums. An increase in cargo flow is needed to improve sentiment next week.

• MEG/India: The market mirrored the previous week with slow demand and various discussions but no significant movement. Rates dropped further, with no positive recovery expected next week.

• SE Asia/FEast: The sentiment remained bearish in both the south and north. Only routes to India offered premiums as owners were reluctant to sail there. No change in trend is expected next week.

Disclaimer

This report and the information contained herein are for general information only and does not constitute an investment advice

Trump's triumph: a new era of global shifts

Λεπτομέρειες: Δημοσιεύτηκε στις Παρασκευή, 08 Νοεμβρίου 2024 06:04

Iakovos (jack) Archontakis

Commercial Director

TMC SHIPPING

Donald Trump's recent victory in the 2024 US presidential election is set to bring significant changes across various global sectors.

Celestyal, Visit Qatar & Qatar Airways to host agents on Qatar super fam trip

Λεπτομέρειες: Δημοσιεύτηκε στις Πέμπτη, 07 Νοεμβρίου 2024 16:34

0IMAGE 2εω Small Celestyal and Visit Qatar have announced they will be hosting 32 global agents on a Qatar super fam trip in the Arabian Gulf, including tickets to the F1 Qatar Airways Qatar Grand prix 2024.

Formula 1 driver confirmed as guest speaker on special Celestyal voyage

Λεπτομέρειες: Δημοσιεύτηκε στις Πέμπτη, 07 Νοεμβρίου 2024 16:16

0Σελεστ789α Small Formula 1 driver, entrepreneur, author and broadcaster David Coulthard has been confirmed as celebrity guest speaker onboard Celestyal’s ‘Desert Days & Qatar Grand Prix’ cruise, departing November 30, 2024.

Take a cruise to beautiful mediterranean destinations directly from Piraeus this winter season with MSC Cruises

Λεπτομέρειες: Δημοσιεύτηκε στις Πέμπτη, 07 Νοεμβρίου 2024 11:54

0MSC Sinfonia Small MSC Cruises is embarking on its first Winter season from Greece, with weekly departures from Piraeus (Athens) to beautiful Mediterranean destinations.

IBIA advances marine fuel Industry engagement with formation of European Regional Board at Annual Convention in Athens

Λεπτομέρειες: Δημοσιεύτηκε στις Τετάρτη, 06 Νοεμβρίου 2024 19:01

0Alexander Prokopakis IBIA - The International Bunker Industry Association announced the establishment of its European Regional Board at the IBIA Annual Convention, held in Athens attended by over 250 delegates.