Weekly Market Report & Predictions: Handy and Ultramax Sectors 9th May 2025

Iakovos (Jack) Archontakis

TMC Commercial Director

Weekly Market Pulse: Handysize & Ultramax Sectors Navigate Uneven Waters

As the dry bulk market continues to chart its course through complex global dynamics, both the Handysize and Ultramax segments have offered a mixed bag of movement, sentiment, and regional momentum.

The Capes decreased the freight market

Iakovos (Jack) Archontakis
Commercial Director TMC MARITIME CO.

Dr. Fotios –Evangelos Karlis
Maritime Executive and Consultant

The dry bulk cargo market showed downward trends due to Capes whose losses approached 20%.

PPA S.A.: Meeting between Mr. Panagiotis Tsonis, Deputy CEO of PPA S.A. and Mr. Apostolos Tzitzikostas, EU Commissioner for Sustainable Transport and Tourism

In the context of the annual conference of ESPO (EUROPEAN SEA PORTS ORGANIZATION), which took place in Thessaloniki following the General Assembly held on 7th, 8th, and 9th of May 2025, the Deputy Chief Executive Officer of PPA S.A., Mr. Panagiotis Tsonis, met with the European Union Commissioner for Sustainable Transport and Tourism, Mr. Apostolos Tzitzikostas.

PSTF Panels Ponder on Ports, People, and Pressure as Cruise Industry Heavyweights Call for More Data From and Dialogue with Destination Authorities

How can ports built for a bygone era keep up with 21st-century cruise ships - and the millions of tourists they bring? That question dominated the second day of the Posidonia Sea Tourism Forum in Heraklion, Crete, as industry leaders, port operators, and local authorities tackled a trio of challenges: infrastructure bottlenecks, community pressures, and the urgent need for better alignment between cruise lines and destinations.

Athens to host high level ‘Shaping the Future of Shipping’ Summit in June

The Ministry of Maritime Affairs and Insular Policy of the Hellenic Republic, the International Chamber of Shipping (ICS) and the Union of Greek Shipowners (UGS) are pleased to announce their commitment to co-host a high-level summit in Athens, Greece.

PSTF 2025 Drops Anchor in Heraklion as Cruise Industry Charts a Sustainable Course

The 8th Posidonia Sea Tourism Forum (PSTF) opened today in the port city of Heraklion, Crete, marking a pivotal moment in the Mediterranean’s cruise tourism landscape.