American Club experiences an encouraging 2023 P&I renewal

The American Club has reported encouraging year-on-year growth in premium and tonnage over the recent renewal period. Increases in both metrics were experienced across all of the Club’s insurance lines, strengthening its position for 2023 and beyond.

Capes are running and the rest of the sizes are following in the race

Iakovos (Jack) Archontakis
Commercial Manager TMC MARITIME CO.

Dr. Fotios-Evangelos Karlis
Maritime Executive and Consultant

The picture of the dry bulk cargo market clearly improved, as all sizes moved positively, with an impressive increase not noted in Capes and Panamaxes, followed by the rest of the sizes.

CELESTYAL announces acquisition of new ship

Celestyal, the award-winning, number one choice for travelers to the Greek Islands and the Eastern Mediterranean, is delighted to confirm the acquisition of a new vessel.

In these first 2 months of 2023

In these first 2 months of 2023, the newbuilding highlights are about methanol as alternative fuel and the investment in it by some major players.

A new drop for the larger sizes, the smaller ones moved positively

Iakovos (Jack) Archontakis
Commercial Manager TMC MARITIME CO.

Dr. Fotios-Evangelos Karlis
Maritime Executive and Consultant

The largest sizes, Capes and Panamaxes, noted further losses and led to a drop in the overall BDI. Conversely, the smaller sizes moved up.

Last week a tragic event overshadowed the news

Last week a tragic event overshadowed the news. Seismic activity in south east Turkey & Syria led to a biblical catastrophe with tens of thousands of dead, hundreds of thousands missing, thousands of homeless people, destroyed infrastructures & shattered economy.