PPA S.A.: Perama Ship Repair Zone Undergoes Upgrade with Acquisition of Additional State-of-the-Art Shipbuilding Cranes

On Friday, April 5th, two cutting-edge double level luffing jib shipbuilding cranes arrived at the Port of Piraeus. They are soon to be unloaded and installed at positions 1 and 2 within the Perama Ship Repair Zone.

Crude oil prices continue their upward climb with no signs of slowing down

Crude oil prices continue their upward climb with no signs of slowing down.

Attica Group: Sales agreement of the operation in Morocco

ATTICA HOLDINGS S.A. announces that it has reached a binding agreement with Stena Line Holding BV, for the sale of its stake in Africa Morocco Link (AML). The agreement concerns the 49% shareholding stake of Attica Group in AML, as well as the 2 vessels Morocco Star and Highspeed 3, owned by subsidiaries of Attica Group and which are related to the specific operation.

Brief report and predictions for next week for handy and supramax sizes 8TH APRIL 2024

HANDYSIZE

• USG / USEC – Market moved in two gears. Spot vessels were struggling to find a biz even at lower levels and vessels with later dates could try at higher rates. The majority of the cargoes are for second half April when expect further developments. For next week expect the market to remain rather flat.

The dry bulk cargo market returned from the Catholic Easter with a big drop

Iakovos (Jack) Archontakis
Commercial Director TMC MARITIME CO.

Dr. Fotios-Evangelos Karlis
Maritime Executive and Consultant

The dry bulk cargo market returned from the Easter holidays with a large drop mainly for the larger sizes, which showed losses of 20-35%, followed by the smaller sizes with single digit decreases compared to the week before Easter.

Celestyal Discovery departs on maiden voyage showcasing new livery

Celestyal Discovery set sail on her maiden voyage around the Aegean on March 22, 2024, showcasing the cruise line’s new livery.