Weekly Market Report & Predictions: Handy and Ultramax Sectors 1st August 2025

Iakovos (Jack) Archontakis

Senior Maritime Strategy Consultant & Chartering Executive

 & Commercial Director

TMC SHIPPING

Setting the Course – Market Sentiment & Strategic Bearings

As the calendar turns to August, the dry bulk market continues its familiar balancing act between opportunity and oversupply.

BDI is in a summer mood

Iakovos (Jack) Archontakis
Commercial Director TMC MARITIME CO.

Dr. Fotios –Evangelos Karlis
Maritime Executive and Consultant

The dry bulk cargo market declined with losses across all sizes.

Semiramis Paliou re-elected Chairperson of INTERMEPA for a second term

INTERMEPA announced the results of its Steering Committee elections held on 29 July 2025.

MSC Group’s Cruise Division Publishes 2024 Sustainability Report, Marking A Year Of Measurable Progress And Strengthened Ambition

MSC Group’s Cruise Division today published its 2024 Sustainability Report reaffirming its commitment to achieving net-zero greenhouse gas (GHG) emissions by 2050, accompanied by an independently verified Energy Transition Plan (ETP) to clearly show how it is working to achieve this ambition.
The report, now in its sixth edition, highlights milestones in environmental innovation, responsible tourism, and social impact. It reflects MSC Group’s Cruise Division’s integrated approach to sustainability for its MSC Cruises’ and Explora Journeys’ brands.
Pierfrancesco Vago, Executive Chairman, MSC Group’s Cruise Division, said: “As a family business, we do not operate ships just for tomorrow. We sail them for future generations, designed for fuel flexibility, guided by innovation, and powered by people who share our long-term vision.
“The Cruise Division in 2024 reaffirmed its commitment to advancing a bold and transparent sustainability strategy that balances environmental stewardship, social responsibility, and economic resilience.”
Report highlights include:
• Launching of the Energy Transition Plan for the fleets of MSC Cruises and Explora Journeys, outlining interim absolute emissions reduction targets. This is a published roadmap to achieving net-zero GHG emissions from marine operations by 2050.
• Avoiding 50,000 tonnes of CO₂ emissions through fleet-wide optimisation tools (OptiCruise and Oceanly Performance) which support real-time operational efficiency and itinerary planning.
• An increase in shore power connections from 44 in 2023 to 142 in 2024, across 13 ports. All new ships since 2017 are shore-power ready with retrofitting continuing across the fleet, and the Cruise Division remains committed to using shore power wherever it's available.
• An increase in crew retention rate to 89%, up from 83% in 2023, demonstrating the commitment of the Cruise Division to employee engagement and development.
• The formation of a Diversity & Inclusion Advisory Committee, underlining a strong commitment to workforce equity across over 140 nationalities.
• Continued investment in destinations like Ocean Cay, where environmental stewardship has enabled marine wildlife to thrive and coral restoration is underway.
• Whale strike prevention training for 469 key crew members in conjunction with marine protection charity ORCA to understand more about the species of whale at risk, how to identify them, and take steps to reduce the risk.
• More than 4,500 shore excursions offered in 84 countries, including 284 “Protectours”, low-impact experiences.
The report also shows that in 2024 the fleets of MSC Cruises and Explora Journeys together carried 4.6 million guests and sailed to 341 itineraries in 90 countries.

Looking Ahead
As MSC Group’s Cruise Division looks to the future, it remains focused on scaling clean energy solutions, retrofitting existing ships, advocating for port infrastructure investments, and collaborating across the maritime sector to accelerate the global energy transition.
“There is no single solution to decarbonisation. It is a puzzle we solve piece by piece - with new technology, operational excellence, strong partnerships, and a shared commitment to move forward,” added Mr Vago.
The full 2024 Sustainability Report is available at: https://www.msccruises.com/int/sustainability

For further information:
The Cruise Division of MSC Group, the privately-owned world leader in transportation is headquartered in Geneva, Switzerland with two distinct brands - MSC Cruises, covering the contemporary and premium segments and Explora Journeys dedicated to the luxury segment.
MSC Cruises is the world’s third largest cruise line and the market leader in Europe with a strong and growing presence in North America. A global cruise brand with 23 modern ships offering cruises across five continents, guests can visit more than 100 countries worldwide with more than 300 destinations, making unforgettable memories and enjoying the finest hospitality.
Explora Journeys, launched in 2023, is the luxury ocean travel brand redefining the experience for a new generation of discerning travellers. The fleet, currently comprising two ships and expanding to six by 2028, offers effortless yet refined luxury. Guests embark on transformative journeys, connecting with the sea through exceptional itineraries that inspire discovery in all its forms.

Reputation in Shipping: The Compass That Guides Everything

by Iakovos (Jack) Archontakis

Senior Maritime Strategy Consultant - Chartering Executive
&

Commercial Director,

TMC Shipping

(agents only)

In commercial shipping, where time is critical, margins are tight, and trust is often the deciding factor, reputation isn't just important — it’s foundational.

LR: New IMO CII Guidelines require SEEMP Part III revisions

The IMO’s Carbon Intensity Indicator (CII) reduction factors used to determine the required annual operational CII for ships of 5,000gt and above, have been set through to 2030.