Iran’s recent attack on Israel has escalated the tensions in the Middle East and raised concerns over LNG trade through the Strait of Hormuz (SoH), a key and only feasible passage for Qatar and the UAE to export LNG. Any further escalation, leading to …
Potential Strait of Hormuz closure threatens 21% of global LNG supply Read More »
The longevity of the Red Sea crisis holds the key to global freight rate levels and the fortunes of container shipping lines in 2024 and beyond. Hua Joo Tan, Founder of container market intelligence analyst firm LINERLYTICA, told the latest episode of …
Shipping analyst: Red Sea crisis is preventing a freight rate and liner profit collapse Read More »
Ton-mile demand is up across the board in the tanker market, helping keep rates high. In its latest weekly report, shipbroker Gibson said that “with the one third of the year already over and the Red Sea still off limits to the majority of the tanker m…
Tanker Flows In a State of Constant Flux Read More »
Capesize The Capesize market endured a challenging week, marked by persistent negativity across both the Pacific and Atlantic regions. The week commenced sluggishly, with the BCI 5TC dropping by $1,133 on Monday, setting a negative tone. Conditions gen…
Dry Bulk Market: Negativity Engulfs Larger Bulkers Read More »
As April draws to a close, the crude freight market sentiment for VLCC and Suezmax tankers segments confirms a downward trajectory, contrasting with a sense of stability observed in the Aframax Med route, albeit accompanied by a decline in vessel activ…