Tanker rates have risen to levels rarely seen as the Hormuz Strait, a key gateway for crude oil exports is effectively shut. In its latest weekly report, shipbroker Xclusiv said that “the crude tanker tape has shifted from strong to structurally tight …
Tankers: Geopolitical Stress Moving Prices and Rates Higher Read More »
Further attacks on vessels and maritime infrastructure in the Middle East as the conflict in the region reached its 5th day. At least 9 ships now identified to have been attacked, including the ‘Safeen Prestige’ (IMO number 9593517, feeder containershi…
Middle East Conflict: Shipping Activity Very Limited, Rates on the Rise Read More »
The Strait of Hormuz is the most important waypoint for vessels destined for the Arabian Gulf, as the largest discharge ports are located on the western side. Given the current conflict in the region, many vessels currently inside the Gulf are unlikely…
Iran-USA/Israel Conflict Impact on Bulk Read More »
The ship recycling market in Southeast Asia are also subject to the Gulf Region war escalation. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market came off during the week, with pri…
Ship Recycling Market Taking a Hit From Geopolitical Uncertainty Read More »
“The attacks on Iran by the US and Israel have caused disruptions for ships transiting the Strait of Hormuz. Although this passage is less critical for the dry bulk sector than for the tanker market, the disruptions still impact around 4% of dry …
Strait of Hormuz disruptions currently impacting 4% of dry bulk market Read More »