Big losses for Capes and Supramaxes

Iakovos (Jack) Archontakis
Commercial Manager TMC MARITIME CO.

Dr. Fotios –Evangelos Karlis
Maritime Executive and Consultant

The downward trend of the dry bulk cargo market continued with a decline in all sizes compared to the previous week.

Dronamics Cargo Drone Takes First Flight, Paving the Way for the Future of Deliveries

Dronamics, the world's first cargo drone airline, announced today the successful completion of the first flight of its flagship aircraft, the Black Swan, at Balchik airport in Bulgaria; demonstrating the potential for the logistics industry to enhance efficiency in the transportation of products.

Despite indices softening over the past few weeks

Despite indices softening over the past few weeks dry bulk asset prices remain relatively firm. Indices today are at decent levels, high enough for the owners to have earnings from freight rates.

Double digit losses for the Dry Cargo market

Iakovos (Jack) Archontakis
Commercial Manager TMC MARITIME CO.

Dr. Fotios-Evangelos Karlis
Maritime Executive and Consultant

The dry bulk cargo market continued to decline with a decline recorded in all sizes compared to the previous week.

Political instability is a “Risk Multiplier” which is putting a successful green energy transition in maritime in jeopardy ICS report shows

The International Chamber of Shipping (ICS) Maritime Barometer Report 2022-2023 – published today – reveals that uncertainty over fuel availability and infrastructure puts at risk ambitions to meet decarbonization targets, reinforcing the need for a clear plan of action to mitigate risk.

The downward trend

The downward trend and volatility in the oil markets continues as WTI crude futures traded near USD 70 per barrel on Monday after declining for four straight weeks.