Drewry expects about 25% of the total vessel demand to be for replacement tonnage by 2035. While over 550 LNGCs will be required by 2035, 140 LNGCs will be needed to offset the tonnage lost from accelerated demolitions. We expect 100 steam turbine carr…
Shrinking lifeline for steam LNGCs — Are TFDE/DFDE carriers next? Read More »
The tanker market has shown a strong rebound during the past month, according to OPEC’s latest monthly report. VLCC spot freight rates showed a strong performance in February, as fleet consolidation and rising tanker demand on long-haul routes tightene…
Tanker Market Rebounded in February Read More »
As tensions in the Middle East persist, concerns continue to grow over the risk of prolonged disruption to maritime trade. Attention is increasingly focused on signs of safe passage through the Strait of Hormuz, particularly as the United States contin…
Vessel Transits Vs Vessel Count Inside Hormuz Read More »
Tanker chartering professionals are no strangers to volatility. Rate spikes, laycans slipping, last-minute compliance checks, that is just the backdrop of a normal week. But the crisis that erupted on February 28, 2026 is a different category of disru…
When the strait closes: How tanker charterers navigate the Hormuz crisis Read More »
The duration of the closure of the Hormuz Strait will most likely dictate the outcome of the current crisis and its impact on shipping, the overall supply chain and ultimately global trade. In its latest weekly report, shipbroker Xclusiv said that “sin…
Duration of Closure of Hormuz to Dictate Shipping Rates Read More »