Navigating Success: Charting the Course for an Efficient Technical Department in Maritime Operations

Iakovos Jack Archontakis
Commercial Director TMC MARITIME CO.

Organizing a technical department within a shipping company involves several key steps to ensure efficiency and compliance with maritime regulations. Here's a structured approach based on industry insights:

The IEA has reported a significant slowdown in global oil demand

The International Energy Agency (IEA) has reported a significant slowdown in global oil demand growth, with the second quarter of 2024 seeing the lowest increase in over a year (710kb/day). Despite a temporary uptick in OECD oil demand, primarily due to increased gasoil and naphtha deliveries, overall global demand growth is projected to remain subdued in 2024 and 2025 at 970kb/d and 980kb/day respectively.

Brief report and predictions for next week for handy and supramax sizes 12TH July 2024

HANDYSIZE

• USG/USEC: The market saw an increase in cargoes at the beginning of the week, particularly with a firm interest in finding tonnage for grain cargoes.

Panamaxes raised the dry bulk cargo market

Iakovos (Jack) Archontakis
Commercial Director TMC MARITIME CO.

Dr. Fotios-Evangelos Karlis
Maritime Executive and Consultant

The dry bulk cargo market closed with a positive sign even on the thread, compared to the previous week, with Panamaxes keeping the general index in the green and the rest of the sizes showing single-digit changes.

Carbon Intensity Indicator (CII) – Policy Statement

The following maritime associations (BIMCO, CLIA, INTERCARGO, INTERMANAGER, ICS, and INTERTANKO),

Oil prices are trading near a two-month high

Oil prices are trading near a two-month high, at levels not seen since April 2024, as refineries ramp up for the summer driving season and traders worry about renewed tensions in the Middle East.