Page 278 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - ΜΑΙΟΣ 2024

FREIGHT MARKETS

SHIPPING

MARKET

ANALYSIS

Head of scientific research The necessity of implementing new revenue
Asst. Professor Dr. Michael Tsatsaronis models to meet the 2030 climate objectives has
Assistant Scientific Coordinator been highlighted in the first four months of this
Argyris Dimopoulos year. The dynamics of the sector are changing
Dry Bulk Analysis due to transparency, as benchmarking against
George Katsavos sustainability and ESG standards is becoming
Kalliopi Zifkou more common. Furthermore, there is a discerni-

Tankers Analysis ble trend in the shipping industry towards using
Panagiota Markopoulioti technology to streamline various operations.
Konstantina Touloumi The global fleet’s ability to move goods has
LNG/LPG & Containers Analysis decreased due to infrastructural inefficiencies
Dimitris Stratikopoulos and greater travel distances caused by geopo-
Editorial Coordinator litical conflicts, sanctions, and climate-related
Martha Gkorila disruptions. In spite of this, most segments
have seen extended periods of high freight and
second-hand prices since the early 2020s, and
fleet utilisation remains strong. Orderbooks are
typically low to moderate, with the exception
of gas carriers and containers. The ClarkSea
Index shows freight rates are among the high-
est recorded since 2000, with rates in the top
25%. Some categories recorded a drop in profits
between April 2023 and April 2024 despite the
Dry Bulk Index’s significant increase. Over the
past year, second-hand vessel prices rose by 9%
to levels not seen since the mid-2000s. While
supply is growing faster than demand, the mar-
ket is still performing quite well, partly because
With the 2030 emissions reduction targets longer travel lengths are offsetting the slower
rapidly approaching and the growing awareness of volume growth. These trends are accelerated by
geopolitical threats and climate change, 2024 has geopolitical tensions, which lower fleet capacity
provided a clear view of what lies ahead. and result in longer voyages.

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