When contemplating the, admittedly rough, start to the year, it is important to also reflect on how the previous year ended; in 2022, China managed a mere 3% growth in its GDP, registering one of its worst performances in nearly half a century and same was reflected on the Baltic Dry Index with its downward spiral carried over in 2023.
SERVICES
EastGate provides Shipbroking services covering all aspects of the Dry Bulk space, including Chartering, Projects and S&P. Based in Athens, it has put down roots in one of the largest shipowning nations in the world and has managed to become a gate which connects the Greek shipping fraternity with international players. Our diversified clientele relies on our international experience and accountability and trusts our driven team with its portfolio.
Our strong ties within the shipping community worldwide have shaped the Company’s character to an exotic blend of East and West.
We operate round the clock to offer first class service and worldwide coverage. We adopt traditional Shipbroking practices enriched with entrepreneurial acumen.
the world's
economy
floats on
seawater
RESEARCH
a valuable
tool while
navigating
deep waters
deep waters
RESEARCH
Our market analyses consider the multi-polar scenery of the shipping industry and produce sophisticated insights. Our clients receive independent, up-to-date, continuous market intellect which complements their commercial decision-making.
We add value to our partners by accommodating access to top-tier companies from across the globe, while at the same time we provide a spherical view of the dry bulk shipping and commodities markets, international regulations, political developments and every element of the seaborne trade matrix.
SOCIAL
RESPONSIBILITY
doing well by
doing good
We at EastGate are strong believers of giving back to the society; we feel that modern enterprises must acknowledge their responsibility towards the society they operate in. Therefore, we regularly support causes which are close to our hearts and by that we hope to be a bright example of shipping contributing to the society.
We consider it our duty to sustain an equilibrium between advanced corporate goals and social responsibility. We recognise the primacy of business growth and progression being aligned with social solidarity. We take pride in giving back.
doing well by
doing good
PRESS
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about us
Bulk freight market sees firm lift
Whether the strength can be maintained or is a short-term correction remains to be seen, but indicators are pointing towards positive momentum.
Dry bulk spot rates slump to near operating costs
Baltic Dry Index drops to four-month low of 1,096 points as sentiment for the global economy weakens. Panamaxes lead fall as spot vessels struggle to find employment, followed by supramaxes and handysizes. Dry bulk markets are expected to remain weak until after the Chinese New Year.
Dry Bulk Market: Summertime Sadness
No doubt the summer that sadly has come to an end was disappointing for most dry bulk shipowners that saw their daily earnings dropping steeply and witnessed the BDI at 2-year lows.
Shipping’s China syndrome: Demand sinks across multiple cargo markets
Container export growth drops; imports of crude, iron ore, LNG under pressure
Cape depression likened to 2008’s plunge
From peak to trough, the current downturn in the capesize index has been described by analysts at brokers Arrow as one of the sharpest since 2008, the year big bulkers went from six-digit territory to loss-making in the wake of the collapse of the bank, Lehman Brothers.
EVENTS
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