Our Tanker Market Monitor this week reviews developments at the end of April, focusing on the ongoing disruption in the Strait as the war-driven deadlock continues unresolved for over 60 days. We shift our attention to the Atlantic market, where the US…
VLCC 5Y Tonnage Now Trades Above Newbuild Read More »
“In April 2026, coal shipments to Japan, South Korea and the EU jumped 27% y/y as these countries seek alternative energy supplies to gas to meet their electricity demand. The closure of the Strait of Hormuz has disrupted LNG shipments out of the…
Tight gas supply drives 27% jump in coal shipments to Japan, Korea and the EU Read More »
The ship recycling markets have been under pressure over the past week, although there have also been signs of slight improvement. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “the Indian market …
Ship Recycling Market Under Pressure Read More »
A new edition of Fuel for thought: LNG sets out how LNG continues to offer a competitive compliance pathway as EU and IMO regulations tighten. Lloyd’s Register (LR) has released its latest Fuel for thought: LNG report, offering a refreshed and data-dri…
To restore flows to pre-conflict levels, a full reopening of the Strait of Hormuz must occur without Iranian-imposed conditions on the freedom of vessel movement. This remains unlikely under current dynamics. If Iran retains operational control, transi…
The illusion of reopening: What if Iran maintains control? Read More »