The ongoing US–Iran conflict has severely disrupted maritime traffic through the Strait of Hormuz—a narrow but strategically vital waterway between Oman and Iran that connects crude oil exporters in the Persian Gulf with global markets. In response to …
US–Iran war: Implications for the crude tanker market Read More »
Aframax mainstream tonne-miles demand has set seasonal highs so far in 2026, with freight rates striking multi-year highs. However, beneath the headline strength, a nuanced vessel-supply-side picture hints that net fleet growth is set to accelerate thi…
Is Aframax return to glory sustainable? Read More »
With Capesize earnings expected to remain firm, the strength of the Cape market is likely to continue to support Panamax freight rates. A key driver of this continued correlation will be competition on major coal routes that still employ both Cape and …
Structural shift in Capesize trade supports Panamax coal opportunities Read More »
Capesize The week began with renewed optimism, led by a firmer Pacific market as all three major miners returned to the market and operator cargo volumes appeared healthy. Early strength in the Pacific, supported by fixtures above $10.00 on C5, set a c…
Dry Bulk Market: Capesizes Showing Signs of Promise Read More »
The improvement in one-year time charter earnings has reshaped the VLCC secondhand market. The recent strong cash generation and improved freight visibility have pushed asset values sharply higher, not only for modern units but also for overaged units….
VLCC second-hand prices at decade highs Read More »