Capesize The market staged an impressive late-week recovery to finish on a significantly firmer footing, with improving sentiment driven primarily by renewed strength in the Pacific. Having come under pressure through the early part of the week, the ma…
Dry Bulk Shipping: Capesizes Stage Strong Recovery Read More »
Signal Ocean voyage data confirms a sustained ramp in seaborne crude liftings from Venezuela through 2026. On a 7-day moving-average basis, monthly volumes have risen in unbroken succession from approximately 0.62m bbl in January to roughly 1.5m bbl by…
Venezuela: Six Straight Months of Rising Crude Liftings Read More »
The US-Iran deal should allow a return of container shipping to the Strait of Hormuz, but the scale of disruption caused by the blockade means, even a best-case scenario, puts a recovery of ocean supply chain networks at mid-September 2026 and spot rat…
On May 27, 2026, a Special Chamber of the International Tribunal for the Law of the Sea (ITLOS) delivered its judgment in The M/T Heroic Idun (No. 2) Case (Marshall Islands v. Equatorial Guinea), ruling in favour of the Marshall Islands. The Special Ch…
Strengthening rights on crew mistreatment Read More »
A Hormuz reopening is unlikely to trigger an immediate VLCC tonnage squeeze, as ample ballast capacity is already positioning towards the MEG, whereas diverting ballasters from the Atlantic could further add to the tally. There has been a lot of discus…
The Tonnage Math Behind a Hormuz Reopening Read More »