Newbuilding prices started softening in early 2025, and we expect this downtrend to continue as the lack of clarity around IMO regulations will keep new orders subdued, increasing the competition among yards. Despite a sharp decline in steel prices fro…
Correction in newbuilding prices likely to deepen Read More »
The Israeli strikes on Iranian nuclear and military facilities on Friday 13th June, followed by Iran’s retaliatory actions, have heightened fears of a broader regional conflict and potential disruption to maritime traffic through the Strait of Hormuz (…
Drewry: Oil transit through Strait of Hormuz unlikely to be disrupted by regional unrest Read More »
Capesize The Capesize market displayed a steady yet nuanced performance this week, starting on a subdued note due to European holidays but gaining traction as the days progressed. In the Pacific, the C5 West Australia to China route saw persistent acti…
Dry Bulk Market on the Rise Read More »
Elimination of risk in modern day supply chains is an unrealistic goal; the best supply chain professionals can hope for is to effectively navigate it to ensure resilience, according to a report from the OECD. Recent years have seen a surge in external…
Robust trade diversity bucks headlines Read More »
“In a possible sign that the unwinding of OPEC+ production cuts could increase seaborne volumes, the combined crude tanker loadings of OPEC countries has jumped 24% week-on-week to 2.281 million barrels per day (mbpd) in week 23, the bloc’s highest wee…
OPEC’s crude tanker loadings jump 24% week-on-week Read More »