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 »
During the last two months that the Middle East Gulf conflict has been going on, we have seen record repositioning of the mainstream VLGC fleet toward the US Gulf Coast, peaking at 150 vessels mid-March. As of April 30, the count of ballast VLGCs en-ro…
Is there a ceiling to VLGC freight rates? Read More »
The fragile equilibrium of the global natural gas market – which had spent much of the early 2025/2026 heating season trending toward stability – has been shattered by the geopolitical eruption in the Middle East. According to the Internati…
Middle East conflict redraws global gas trade map Read More »
Effectiveness of safety management systems and fire safety readiness are still in focus for Port State Control (PSC) authorities. Our Q1 2026 review highlights key detention concerns, upcoming inspection campaigns, new procedures for PSC, and what ship…
DNV: Port State Control – Q1 2026 Detention review and other updates Read More »
Capesize The market began the week lacking clear momentum, with sentiment broadly flat and activity unevenly distributed across the basins. The Pacific provided the main source of liquidity, supported by consistent miner presence and a steady flow of c…
Dry Bulk Shipping: Capesize Market Lacking Momentum Read More »