Capes raised BDI

Iakovos (Jack) Archontakis
Commercial Manager TMC MARITIME CO.

Fotios-Evangelos Karlis
Chartering Department TMC MARITIME CO.

A rise was seen in the drybulk cargo market last week, with Capes showing a big increase while the other sizes fell.

RED III: EU shipowners call for fuel supply requirements to align with FuelEU

As the trilogue negotiations on the revision of the Renewable Energy Directive (RED III) are progressing, ECSA calls on the Parliament and the Council to ensure that the requirements on fuel suppliers in RED III match the requirements placed on shipowners by FuelEU Maritime. This is crucial to ensure that sufficient quantities of alternative marine fuels are made available on the market at an affordable price.
In particular, European shipowners support:
The inclusion of a sub-target for biofuels, biogas and RFNBOs for the maritime sector for fuel suppliers to produce the types of fuels in the volumes needed to decarbonise the shipping sector.
The existing multiplier of 1.2 for specific fuels supplied to the maritime sector, as already included in RED II.

PPA S.A.: Marine Pollution Drill as part of PPA’s Sea Contingency Plan successfully completed at the Central Passenger Terminal

PPA S.A. as part of its Sea Contingency Plan carried out a Drill at the Central Passenger Port, near Gate E1, with the active participation of vessel “ARIADNI” of Attica Group.

Spotlight on energy efficiency and EU regulations at LR's Hellenic Advisory Committee (HAC) meeting

Leading Greek shipping executives gathered at the unique FONDAZIONE Spyros Loverdos Library for the annual meeting of the Lloyd's Register (LR) Hellenic Advisory Committee have called for further collaboration among supply chain stakeholders

A year has passed since the COP26 in Glasgow and the war in Ukraine along, with the energy crisis, have put on hold most of the decisions of the conference.

A year has passed since the COP26 in Glasgow and the war in Ukraine along, with the energy crisis, have put on hold most of the decisions of the conference.

Another bad week for the dry bulk cargo market

Iakovos (Jack) Archontakis
Commercial Manager TMC MARITIME CO.

Fotios-Evangelos Karlis
Chartering Department TMC MARITIME CO.

The decline in the dry bulk cargo market continued last week, with Capes and Supramaxes showing the biggest declines.