PCT: Grant of Scholarships to newly admitted university students of Perama

PCT S.A. (PIRAEUS CONTAINER TERMINAL S.A.) announces a Scholarship Program for newly admitted university students with a total value of 10,000 euros.

New STCW Online Computer Based Training by HELMEPA and SQLearn approved by Cyprus Maritime Administration

The Hellenic Marine Environment Protection Association (HELMEPA), one of the most impactful environmental organizations, and SQLearn, the specialized maritime online training

Brief report and predictions for next week for handy and supramax sizes 13TH September 2024

HANDYSIZE

• USG/USEC: The hurricane caused many operational delays, keeping pressure on the market. Expect an increase in demand next week, so there is optimism for rate development.
• ECSA: The market continued its downward trend from previous weeks due to an oversupply of spot vessels. Notably, the northern area performed better than the south but couldn't change the overall sentiment. An increase in demand is needed to stabilize rates next week.
• CONTI: The market was more active than in previous weeks, with more scrap and grain cargoes, especially from the Baltic. Expect the market to proceed without significant changes next week.
• MED: The market remained at the same levels due to strong competition among owners, but there were enough cargoes to avoid a further drop. Expect positive developments for grain exports in the coming weeks.
• MEG/INDIA: Some tenders from India positively changed the general market sentiment, offering cautious optimism for next week.
• SEASIA/FEAST: The market moved sideways. The southern area had a slow start to the week and continued this way. The northern area was better, especially for larger sizes, with a healthy cargo flow from NOPAC and Back Haul trips. Sentiment is bearish for next week due to the long weekend.

SUPRAMAX

• ECSA: The market had a slow start to the week with low demand and increased capacity. By the end of the week, some fresh cargoes appeared, stabilizing rates. Expect the market to remain under pressure next week due to the volume of tonnage.
• USG: An increase in TA cargo lists pushed rates up. The market was affected by bad weather, causing many problems at the ports. Expect more action next week as we proceed to ASBA.
• CONTI: The market showed signs of recovery with an improved cargo list. A push in demand is needed for the market to maintain this trend next week.
• MED: The market moved in two tiers. The West Med was firm with fixture volume, while the East lacked grains, and cement cargoes weren't enough to support the market. Many owners decided to move from the East to the West, so expect the market to balance out next week.
• MEG/INDIA: There were improvements in the market with many discussions and some fixtures at slightly higher levels than the previous week. There is cautious optimism for the following week.
• SEASIA/FEAST: In the southern area, Indo trade was healthy, but in the northern area, China and NOPAC were quieter. More cargoes are needed in the North to see further developments next week.

Best Regards,

Iakovos (Jack) Archontakis
TMC Commercial Director (as Agents only)

Disclaimer
This report and the information contained herein it is for general information only and does not constitute an investment advice

Mix trends in the dry bulk cargo market

Iakovos (Jack) Archontakis
Commercial Director TMC MARITIME CO.

Dr. Fotios-Evangelos Karlis
Maritime Executive and Consultant

The dry bulk cargo market was marginally down on the previous week, with Capes and Handies dropping the overall index.

One Year of Celestyal Journey

Celestyal Journey has notched up one year with Celestyal, travelling 66,100 nautical miles in its first year, mostly around the Greek Islands and Mediterranean, with 30 calls to Mykonos and Santorini, 35 to Heraklion (Crete), 29 to Milos island, 31 to Thessaloniki and 37 to Kusadasi (Ephesus).

New Lloyd’s Open Form Default Clause introduced today

The outcome of over a year’s consultation with underwriters, owners, Lloyd’s and other interested parties including P&I Clubs, brokers and salvors is a new clause for incorporation in marine hull policies.