Raise of BDI, Capes stood out

Iakovos (Jack) Archontakis
Commercial Manager TMC MARITIME CO.

Fotios-Evangelos Karlis
Chartering Department TMC MARITIME CO.

The dry bulk cargo market continued with a raise, with Capes leading the raise of the general index and the rest sizes followed. Specifically, Capes increased by 36,4%, Kamsarmaxes +3,4%, Supramaxes +0,8%, and Handies +2%, compared to last week.

The global economy has entered a period of volatility & inflation

The global economy has entered a period of volatility & inflation. One after another, central banks are increasing interest rates in an effort to taper both volatility & inflation, but many analysts express concerns that this will soon lead the global economy to a recession.

PPA S.A.: Participation at the International Seatrade Cruise Global 2022 in Miami

PPA S.A. presented and promoted the Greek Cruise Industry at the global Seatrade Cruise Global 2022 event taking place from the 25th to 28th of April, as the Port of Piraeus is one of the leading cruise ports in the Mediterranean Region and Europe.

The good sentiment remains in the dry bulk cargo market after the Asian holidays

Iakovos (Jack) Archontakis
Commercial Manager TMC MARITIME CO.

Fotios-Evangelos Karlis
Chartering Department TMC MARITIME CO.

The dry bulk cargo market continued with a raise, with Capes pulling with them the index up and Panamaxes and Handies followed.

Soaring inflation heavily concerns central banks

From US to Turkey and from England to Australia, soaring inflation heavily concerns central banks. As of last week, the Federal Reserve increased interest rates by 0.5% to target a rate range between 0.75% and 1%. A significant increase, which is the largest since 2000 and follows a 0.25% increase in March.

In China the covid wave and its repercussions continue to spread

As the Western Economies are moving to a post covid era, in China the covid wave and its repercussions continue to spread, with the northern port of Qinhuangdao being the latest Chinese commodity hub to be shut down due to the virus as Chinese authorities persist on zero covid policy.