PPA S.A.: Participation at the International Seatrade Cruise Global 2022 in Miami

PPA S.A. presented and promoted the Greek Cruise Industry at the global Seatrade Cruise Global 2022 event taking place from the 25th to 28th of April, as the Port of Piraeus is one of the leading cruise ports in the Mediterranean Region and Europe.

The good sentiment remains in the dry bulk cargo market after the Asian holidays

Iakovos (Jack) Archontakis
Commercial Manager TMC MARITIME CO.

Fotios-Evangelos Karlis
Chartering Department TMC MARITIME CO.

The dry bulk cargo market continued with a raise, with Capes pulling with them the index up and Panamaxes and Handies followed.

Soaring inflation heavily concerns central banks

From US to Turkey and from England to Australia, soaring inflation heavily concerns central banks. As of last week, the Federal Reserve increased interest rates by 0.5% to target a rate range between 0.75% and 1%. A significant increase, which is the largest since 2000 and follows a 0.25% increase in March.

In China the covid wave and its repercussions continue to spread

As the Western Economies are moving to a post covid era, in China the covid wave and its repercussions continue to spread, with the northern port of Qinhuangdao being the latest Chinese commodity hub to be shut down due to the virus as Chinese authorities persist on zero covid policy.

New rise in the Atlantic, pressure on Asia

Iakovos (Jack) Archontakis.
Commercial Manager TMC MARITIME CO.

Fotios-Evangelos Karlis
Chartering Department TMC MARITIME CO.

The dry bulk cargo market kept on rising, with Capes leading the index and Supramaxes and Handies are following.

GRIMALDI DEPLOYS THIRD VESSEL ON THE VENICE-BARI-PATRAS RO-RO SERVICE

The Grimaldi Group will further boost its maritime connections between Italy and Greece with the deployment of an additional vessel on the Venice-Bari-Patras service. From 4 May the Eurocargo Cagliari will join the Eurocargo Alexandria and Eurocargo Genova on the ro-ro line.