The beginning of 2023 has seen the wet market wobble

The beginning of 2023 has seen the wet market wobble as the BCTI has lost around 66% within the 20 first days of January and BDTI has also fallen about 25% in the same period. Lots of voices of concern are rising about the wet market, and the tanker S&P market, but panic is not the best consultant in economy and in life in general.

ICS: Diversity and Inclusion Toolkit for Shipping

The International Chamber of Shipping (ICS) has published its first publication on diversity and inclusion (D&I) in the maritime industry to aid businesses and organisations with best practice and guidance.

Inflation is still here

As we entered 2023, inflation is still here. Some countries still struggle to tame the “inflationary beast” like Sweden and Argentina, but the bigger picture is that the interest rate rise from the central banks is working as intended.

Tototheo Maritime incorporates Starlink into its service portfolio

Leading global communication service provider, Tototheo Maritime ™, has added Starlink’s new low latency high speed connectivity to its portfolio of services.

Below 1000 base points the BDI

Iakovos (Jack) Archontakis
Commercial Manager TMC MARITIME CO.

Fotios Evangelos Karlis
Chartering Department TMC MARITIME CO.

The trend of the BDI continued with a further decline, with the biggest drop being noted in Supramaxes and Panamaxes, followed by Capes.

The dry bulk indices on a free fall

The beginning of the year saw the dry bulk indices on a free fall. BDI had a harsh fall of 17.49% the first day of 2023, the highest daily fall witnessed since its inception in 1985, and it dropped 25% w-on-w during the first week of 2023.