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Last updateΤετ, 12 Μαρ 2025 7pm

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Weekly Market Report & Predictions: Handy and Ultramax Sectors 24th January 2025

 
0bulker loading coalIakovos (Jack) Archontakis
TMC Commercial Director 
 
Handysize Market Highlights
US Gulf / US East Coast (USG/USEC): The Handysize market saw a surge in activity early in the week, but by week’s end, most cargoes were covered, leaving many vessels idle.

BDI in free fall

0bulk carrierIakovos (Jack) Archontakis
Commercial Director TMC MARITIME CO.

Dr. Fotios-Evangelos Karlis
Maritime Executive and Consultant

The dry bulk cargo market experienced heavy losses last week with most sizes showing double-digit decreases while Handies also reached -10%.

Statement from Guy Platten, International Chamber of Shipping Secretary General, following the release of the Galaxy Leader crew

ICS 44We welcome the news of the Galaxy Leader crew being released today and that they will be reunited with their families after being held in captivity since the 19 November 2023.

Greek Shipping Hall of Fame announces Induction Ceremony & Dinner 2025

0Greek Shipping HallThe Greek Shipping Hall of Fame has announced that this year’s Induction Ceremony will take place on the evening of Monday 12 May 2025 at Megaron, The Athens Concert Hall.

Destination sustainability tops cruise agenda

0PSTF2025The 8th Posidonia Sea Tourism Forum (PSTF) will be held on May 6-7, 2025, in Heraklion, Crete, one of Greece's most renowned tourism and cruise destinations.

Turning into 2025, vessels have added one year to their age

Bulk carrier 1Turning into 2025, vessels have added one year to their age, significantly altering the current discussion around fleet age groups.

BDI dropped under 1000 credits

Bulk carrier 1Iakovos (Jack) Archontakis
Commercial Director TMC MARITIME CO.

Dr. Fotios-Evangelos Karlis
Maritime Executive and Consultant

The dry bulk cargo market declined further and fell below 1000 credits , with a decline in all sizes.

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