“Uncertainty over the Strait of Hormuz remains central to the outlook. A three-week ceasefire between the US and Iran allowed transits to partly recover, but safety conditions have since deteriorated. Under normal market conditions, around 4% of …
Dry Bulk Shipping: El Niño to act as a new demand shock BIMCO says Read More »
Capesize Vessel-Age Share of Tonne-Mile Demand: Iron Ore vs Bauxite Each chart shows the share of the trade’s Capesize tonne-mile demand carried by five vessel-age bands, by year from 2015 to 2026 (year-to-date). The tables below give the share in 2015…
Capesize Vessel-Age Share of Tonne-Mile Demand: Iron Ore vs Bauxite Read More »
On 20 July, Houthi forces declared a full maritime blockade against Saudi Arabia, closing the Bab al-Mandab Strait to vessels servicing Saudi ports. Following this move, Tanker Xin Long Yang, a Chinese VLCC carrying Saudi crude, turned back towards Sue…
How Conflict in the Middle East is Impacting Maritime Read More »
As Red Sea hostilities continue to force widespread maritime diversions around the Cape of Good Hope, leading bunker company Peninsula is warning of a “perfect storm” for global tanker operators. The unprecedented surge in tonne-mile demand is now inte…
For years, maritime autonomy has been framed as a question of technology: what can ships do with limited or no human intervention, and how quickly can those capabilities be scaled? With the adoption of IMO’s Maritime Autonomous Surface Ships (MASS) Cod…
What IMO’s MASS Code means for remote control and autonomy at sea Read More »