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Brief report and predictions for next week for handy and supramax sizes 30TH August 2024

bulk ships 000HANDYSIZE

• USG/USEC: The market was supported by new orders and stable supply. Furthermore, trips to Asia and the West Coast gathered interest. Expect the market to remain firm for the following week.

Capes continued to lead the dry bulk cargo market

capesizeIakovos (Jack) Archontakis
Commercial Director TMC MARITIME CO.

Dr. Fotios-Evangelos Karlis
Maritime Executive and Consultant

The dry bulk cargo market was up, compared to the previous week, thanks to Capes being the only sector to move up.

"BOILING POT IN THE FAR EAST: THE CHINA-TAIWAN TENSION UNVEILED"

0Houthisoldier28Iakovos (Jack) Archontakis
Commercial Director TMC MARITIME CO.

While most eyes around the world are focused on the Russia-Ukraine war, developments in the Middle East, and the situation with the Houthis in the Red Sea, there is a "boiling pot" in the Far East regarding the tension between China and Taiwan.

Launch of Dry Bulk Management Standard Platform

bulk ships 000The Dry Bulk Centre of Excellence (DBCE) is proud to announce the launch of the Dry Bulk Management Standard (DryBMS) platform, marking a significant achievement for the maritime industry.

The demand for second-hand dry bulk vessels has experienced a significant surge

Bulk carrier 1The demand for second-hand dry bulk vessels has experienced a significant surge during the first 8-month period of 2024, with a total of 545 ships changing hands, around 24% up compared to the similar period of 2023 when a total of 440 vessels were sold.

A SNAPSHOT OF CURRENT AFFAIRS

Bulk carrier 1Ιakovos Jack Archontakis
Commercial Director TMC MARITIME CO.

CURRENT SITUATION IN THE USA WITH ELECTIONS

Improvements in the dry bulk cargo market thanks to Capes

bulk ships 000BDI, Iakovos (Jack) Archontakis
Commercial Director TMC MARITIME CO.

Dr. Fotios-Evangelos Karlis
Maritime Executive and Consultant

The dry bulk cargo market was up, compared to two weeks ago, with Capes posting double-digit gains and Panamaxes posting double-digit losses.

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