Brief report and predictions for next week for handy and supramax sizes 27TH September 2024

HANDYSIZE

• USG/USEC: The market experienced a softening of rates due to a long tonnage list and limited demand. Increased activity is anticipated next week as many participants return from the ASBA annual cargo conference (September 25-27). However, with the vessel-to-cargo ratio exceeding 2:1, expectations remain cautious.

Movement in the dry bulk cargo market just ahead of Golden Week in China

Iakovos (Jack) Archontakis
Commercial Director TMC MARITIME CO.

Dr. Fotios-Evangelos Karlis
Maritime Executive and Consultant

The dry bulk cargo market continued last week’s positive run with Capes posting double digit weekly gains and Ultramaxes and Handies closing the week in the green.

PPA S.A.: New increase in Revenue and Profits in the First Half of 2024

PPA S.A. recorded a new increase in revenue and profits for the First Half of 2024, achieving once again the best performance in its history for this period.

ICS statement following the closing of the 17th meeting of the Intersessional Working Group on Reduction of GHG Emissions from Ships

International Chamber of Shipping’s statement following the closing of the International Maritime Organization’s 17th meeting of the Intersessional Working Group on Reduction of GHG Emissions from Ships.

Strategies for meeting upcoming decarbonization targets

Driven by EU regulations and IMO goals, the maritime industry is maintaining course for decarbonization but making slow headway towards an alternative-fuelled fleet. DNV’s latest Maritime Forecast to 2050 report confirms our previous finding that carbon-neutral fuels will remain expensive and in limited supply for the near future. It recommends more realistic decarbonization measures for shipping over the next decade.

From polls to ports : How the us presidential election could change the seas

Predicting the outcome of the US presidential election is always challenging due to the many variables involved. However, based on current analyses and predictions, Vice President Kamala Harris is currently favored to win against former President Donald Trump. Several factors contribute to this prediction: