The Russian invasion of Ukraine has put an end to globalisation

Russia’s invasion of Ukraine may eventually reshape the world economy and further drive-up inflation by prompting companies to pull back from their global supply chains. As BlackRock executives note, “The Russian invasion of Ukraine has put an end to globalisation as we have experienced it over the past three decades”.

PPA S.A.: Announcement regarding the Supreme Court Decisions

Following the Greek Supreme Court recent decision about Greece Port Planning and Development Committee’s former Port of Piraeus’ Master Plan approvals, which affect the Cruise Terminal Expansion Project by temporary pausing the construction operations, PPA SA would like to inform on the following:

Market drop, Handies stood out

Iakovos (jack) Archontakis.
Commercial Manager TMC MARITIME CO.

Fotios-Evangelos Karlis.
Chartering Department TMC MARITIME CO.

Dry bulk cargo market is dropping. Asia and East Coast of America (ECSA) kept freights high regarding small sizes and Mediterranean provided premium while trying to attract the few vessels.

Still no light at the end of the tunnel

Almost a month after the invasion of Ukraine there is still no light at the end of the tunnel. Ukraine has rejected the Russian deadline to surrender control of Mariupol as talks between Russia and Ukraine continue for an agreement that will announce a ceasefire and the withdrawal of Russian troops from Ukraine.

Posidonia 2022 To Set Countdown Agenda for IMO’s next decarbonisation milestone

The world’s leading classification societies for the marine industry are returning to Posidonia this June, following the pandemic-induced hiatus, during which they have been mapping out the path to the International Maritime Organisation’s 2030 deadline, for an at least 40% reduction of shipping’s average carbon intensity (CO2 per tonne mile), compared to 2008.

HRADF: Submission of Expression of Interest by an Interested Party for the concession of the Itea marina

The Hellenic Republic Asset Development Fund (HRADF S.A.), a member of the HCAP group, announces that the consortium “DIVING STATUS – Fokis Development” submitted an Expression of Interest for the concession of the marina of Itea.