The Panama Maritime Authority is cracking down on vessels linked to sanctions, potentially impacting even Greek shipowners who use its registry. Immediate deregistration awaits those flagged by international sanctions lists like OFAC and the EU
The dry cargo vessel market is at a critical juncture. With rising global trade demand and evolving regulations, investors have a unique opportunity to leverage market dynamics—if they strategically navigate timing and vessel selection
Ukraine has formally appealed to the International Maritime Organization (IMO) for a monitoring mission to protect its ports. The escalation of Russian attacks on civilian vessels threatens both global food security and safe maritime passage
Yannis Stournaras, Governor of the Bank of Greece, urged for measures to increase the number of ships in the Greek registry, emphasizing their crucial role in balancing the country’s trade deficit and supporting external financing needs
The dry bulk cargo market extended its positive trend, with Capes gaining 14.05%. However, Panamaxes saw declines, particularly in the Atlantic, while Ultramaxes and Handies closed the week in positive territory
Russia’s reliance on sanctioned oil tankers has sharply increased, with nearly one-third of the blacklisted vessels back in service
The competitive European shipping sector is the key to Europe’s security and to a strong maritime industrial cluster, which constitutes a significant geopolitical advantage for the Old Continent
Dry bulk cargo market sees marginal losses as all vessel sizes record single-digit declines. Capes drop 2.3%, Supramaxes fall 5.63%, and Handies decrease by 0.33%, pushing BDI down to 1797 points
The dry bulk cargo market continued to show downward trends in the last week compared to the previous one, with single-digit declines in all sizes
On 14 May 2024, the GSAB2 (Grimaldi Satellite Berthing 2) project, the evolution of the previous GSAB project, started. The GSAB2 will adopt the latest innovations on satellite-based multi-sensor technologies.
