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Capes and Panamaxes led to a new drop the Dry Index

Iakovos (Jack) Archontakis
Commercial Director TMC MARITIME CO.

Dr. Fotios –Evangelos Karlis
Maritime Executive and Consultant

The dry bulk cargo market continued the negative trend of the previous weeks with the larger sizes dropping the general index, while the smaller sizes showed greater stability. In detail, Capes fell by 19.71%, Kamsarmaxes -10.47%, Ultramaxes(63) -1.48% and Handies +1.21%, compared to the previous week.

Investing in future ammonia markets

The ordering of more than 50 very large ammonia carriers (VLACs) over the past 12 months has caught the attention of the maritime industry. Whilst these orders suggest a market surge in the direction of ammonia, a deeper analysis shows that most will be initially deployed as LPG carriers. Martin Cartwright, Global Business Director Gas Carriers & FSRUs at DNV, explains why.

Moore Maritime Index

Moore Maritime Index (MMI), a database that contains operating costs and revenues from more than 1,500 vessels, has been updated and is available with the 2023 data.

The global shipbuilding industry has witnessed a significant rebound in the past two years

The global shipbuilding industry has witnessed a significant rebound in the past two years, primarily driven by a resurgence in freight rates following the COVID-19 pandemic.

Lloyd’s List Greek Shipping Awards introduces new ‘Deal of the Year’ prize

The Lloyd’s List Greek Shipping Awards is pleased to announce the launch of an exciting new category of award: ‘Deal of the Year.’