The shipping industry tries to get to grips with the situation

As the conflict in Ukraine continues for third week, the shipping industry tries to get to grips with the situation. Ships have been hit by crossfire and seafarers killed and injured, while seafarers of all nationalities are trapped on ships berthed in ports.

TOTOTHEO MARITIME IS APPOINTED OFFICIAL DISTRIBUTOR FOR DANELEC IN GREECE

The leading maritime technology integrator and provider, Tototheo Maritime has been appointed as official distributor and service partner for Danelec in Greece. Having successfully represented the Danelec brand for several years through its headquarters in Cyprus, Tototheo will now continue to do so also through its well established office in Piraeus.

PPA S.A.: Financial results for the year 2021

PPA S.A. announces the financial results for the year 2021 with an annual turnover of € 154.2 million compared to € 132.9 million in 2020, recording an increase of € 21,3 million or 16%.

BDI index increased by 3.5% on a weekly basis

The Russian invasion of Ukraine continues for a second week. Russia subjected the Ukrainian port of Mariupol and the cities of Chernihiv & Kharkiv to relentless missile bombardments on Thursday while, on Friday, Russian forces seized the Ukrainian nuclear power plant where a fire was extinguished, raising international alarm over Moscow’s warfare after another night of devastating shelling.

Uncertainty in the Atlantic Basin, continuous profit raising in Asia

Iakovos (Jack) Archontakis
Commercial Manager TMC MARITIME CO.

Fotios-Evangelos Karlis
Chartering Department TMC MARITIME CO.

The dry bulk cargo market had a slight growth. Atlantic Basin is under general uncertainty due to war, since Mediterranean and Continent are ‘frozen’ considering demand and supplied capacity there and is trying to move to the other areas.

24th February is going to be written in history

24th February is going to be written in history, with Russia invading Ukraine, a conflict that could develop into Europe’s biggest war since the WWII, jeopardizing our hopes of an economic recovery from coronavirus.