War in Ukraine, another challenge for the shipping industry

Iakovos Jack Archontakis
Commercial Manager TMC MARITIME CO.

The war in Ukraine continues with the fighting lasting more than a month. Actions are already being taken, either through sanctions or through discussions, to end this war. But how does this war affect shipping and what will be the next day?

HRADF pre-qualifies eight interested parties for the next phase of the Heraklion Port Authority S.A. tender

The Board of Directors of the Hellenic Republic Asset Development Fund (HRADF), a member of the HCAP Group, convened today and pre-qualified the interested parties that meet the eligibility criteria to participate in Phase B (Binding Offers Phase) of the tender process for the acquisition of a majority stake of 67% of the “Heraklion Port Authority” (H.P.A. S.A.).

Time for Reflection at INTERCARGO’s Spring Semi-Annual Meetings

With an estimated 100 merchant vessels under blockade in Ukrainian ports, it was time for reflection as INTERCARGO members, Executive Committee and Technical Committee met at the Association’s spring semi-annual events, held in London last week.

Asia retreats, improvements in the Atlantic Basin

Iakovos (Jack) Archontakis
Commercial Manager TMC MARITIME CO.

Fotios-Evangelos Karlis
Chartering Department TMC MARITIME CO.

New drop was noted by the dry bulk cargo market, with the biggest drop noted by Panamaxes and Supramaxes and the smallest by Handies and Capes.

The volatility in commodities markets continue

For one more week, the invasion of Ukraine is still the main topic of discussion. Apart from the huge humanitarian crisis, the continuation of hostilities create huge turmoils to global economies, creating inflation, energy crunches, driving EU & all Western Economies to pursue alternatives rather than Russian commodities.

NEPTUNE MARITIME LEASING JOINS HELMEPA

Neptune Maritime Leasing Ltd., Jersey (“Neptune Leasing”), announced today, it has been accepted as an Associate Member of HELMEPA, the Hellenic Marine Environment Protection Association, a proactive, resilient, and impactful community of stakeholders committed to marine environment protection, safety at sea and sustainability.