HRADF launches the tender process for the mega yachts marina of Corfu

The Hellenic Republic Asset Development Fund S.A. (HRADF), a member of the HCAP Group, proceeds with developing the mega yachts marina in Corfu in the framework of its strategy for highlighting assets with a strong local footprint and enhancing tourism development and growth.

The Capes are “running” and the rest sizes are following.

Jack Αrchontakis
Commercial Manager TMC MARITIME CO.

Fotis -Evangelos Karlis
Chartering Department TMC MARITIME CO.

The dry bulk cargo market showed a further increase, last week. Leading size regarding this growth, for another week, were Capesize vessels, with their general index (BCI) raising up to 50%, compared to the one of 4th of February and the smaller sizes followed (BPI +38%, BSI +35.4%, BHSI +18%). Given that, BDI presented increase of 545 credits (+38%) and reached 1977 credits Friday 11th of February.

The dry bulk market is at lower levels

Although the dry bulk market is at lower levels compared to its mid/late-October highs, the BDI managed to hit its highest level since 14th of January helped by a boost in rates across all vessel segments.

Intermodal: newbuilding activity

January ended with the container units having the lions ‘share of the 2022 orderbook with a total of fifty boxships being ordered followed by thirteen LNG vessels, eleven bulk carriers, and only two MR2 tanker units. The same momentum is being witnessed in February as well, with containers almost monopolizing last week's newbuilding list. Starting with the most pronounced deal, Zodiac Maritime inked a contract for the construction of six LNG fuelled 15,000teu vessels at DSME at a price of $182.7 million each. Greek appetite for such units was evident, with Capital Ship Management ordering four firm plus two optional 7,100teu boxships at DSIC while, Greek owners Tsakos and Euroseas concluded deals for the construction of four and two 2,800teu units respectively at Hyundai Mipo yard. Lastly, DSME secured another duo of 174,000cbm LNG units from Greek owner Maran Gas. The owner’s last order is an option that was retained from November 2021 initial deal. Price of the latest duo is coming with a premium of twelve million ($217.5m vs $205.5m).

PPA S.A.: Amongst the “Most Sustainable Companies in Greece 2022”

Following the announcement of the Quality Net Foundation, the Piraeus Port Authority has been included in the List of the “Most Sustainable Companies in Greece 2022” as announced by the Foundation’s Annual Evaluation Report measuring business performance in Sustainable Development based on the ESG criteria. The inclusion of companies in the list of "The most Sustainable Companies in Greece", provides the highest possible distinction in Sustainable Development in the country.

Xclusiv: Market Commentary

Demolition prices had dropped during the last month of 2021, but in 2022 we observe a significant increase in demolition prices.