Inflation is still here

As we entered 2023, inflation is still here. Some countries still struggle to tame the “inflationary beast” like Sweden and Argentina, but the bigger picture is that the interest rate rise from the central banks is working as intended.

Tototheo Maritime incorporates Starlink into its service portfolio

Leading global communication service provider, Tototheo Maritime ™, has added Starlink’s new low latency high speed connectivity to its portfolio of services.

Below 1000 base points the BDI

Iakovos (Jack) Archontakis
Commercial Manager TMC MARITIME CO.

Fotios Evangelos Karlis
Chartering Department TMC MARITIME CO.

The trend of the BDI continued with a further decline, with the biggest drop being noted in Supramaxes and Panamaxes, followed by Capes.

The dry bulk indices on a free fall

The beginning of the year saw the dry bulk indices on a free fall. BDI had a harsh fall of 17.49% the first day of 2023, the highest daily fall witnessed since its inception in 1985, and it dropped 25% w-on-w during the first week of 2023.

The year started with a decline for BDI

Iakovos (Jack) Archontakis
Commercial Manager TMC MARITIME CO.

Fotios-Evangelos Karlis
Chartering Department TMC MARITIME CO.

The general dry bulk cargo index entered the new year with a decline, with the largest decline occurring in the smaller sizes, followed by the larger ones.

China Shipowners’ Association joins International Chamber of Shipping

The International Chamber of Shipping (ICS) is pleased to welcome the China Shipowners’ Association (CSA) as a Full Member from 1 January 2023. The CSA will join the ICS Board, which oversees the policy positions ICS presents on behalf of shipowners’ worldwide with the shipping industry’s global regulators, including the UN International Maritime Organization and the International Labour Organization.