Brief report and predictions for next week for handy and supramax sizes 8TH APRIL 2024

HANDYSIZE

• USG / USEC – Market moved in two gears. Spot vessels were struggling to find a biz even at lower levels and vessels with later dates could try at higher rates. The majority of the cargoes are for second half April when expect further developments. For next week expect the market to remain rather flat.

The dry bulk cargo market returned from the Catholic Easter with a big drop

Iakovos (Jack) Archontakis
Commercial Director TMC MARITIME CO.

Dr. Fotios-Evangelos Karlis
Maritime Executive and Consultant

The dry bulk cargo market returned from the Easter holidays with a large drop mainly for the larger sizes, which showed losses of 20-35%, followed by the smaller sizes with single digit decreases compared to the week before Easter.

Celestyal Discovery departs on maiden voyage showcasing new livery

Celestyal Discovery set sail on her maiden voyage around the Aegean on March 22, 2024, showcasing the cruise line’s new livery.

New Board of Directors for IBIA - the International Bunker Industry Association

IBIA - the International Bunker Industry Association is proud to announce the newly elected leadership team to drive the Association's strategic initiatives and represent the interests of its members globally.

Tragedy struck Baltimore

Tragedy struck Baltimore earlier this week when the Francis Scott Key Bridge, a vital 1.6-mile long crossing over the Patapsco River, collapsed after being struck by the 9,962 TEU containership “Dali” (2015/HHI).

The Red Sea Crisis of 2023-2024: Five months of Attacks

Iakovos ( Jack ) Archontakis
Commercial Director TMC SHIPPING .

John Pikramenos
Chartering Dept TMC SHIPPING

The Dry Bulk Shipping market has been disrupted significantly from the Houthis’ unprovoked attacks against commercial ships passing the Red Sea, with trade passing Suez shrinking by 50% within the first two months of 2024 y-o-y.