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 »
This week began with announcements of a possible agreement between the US and Iran which would end hostilities and ensure safe passage through the Strait of Hormuz for commercial shipping. As the agreement has now been signed by both parties, our indus…
BIMCO: Lack of details remain a concern in the Strait of Hormuz Read More »
Fuel surcharges have become one of the most challenging and unpredictable components of ocean freight costs for shippers. Cargo owners are often faced with significant variations in surcharge levels between carriers operating on the same trade lane, wi…
The Fuel Surcharge Problem: Is There a Better Solution? Read More »