The closure of the Strait of Hormuz in February once again demonstrated how volatile global trade flows are—and not just for oil. The strait, which narrows to just 21 miles wide as it passes between Iran and Oman, normally carries a quarter of the worl…
How a handful of chokepoints came to dominate the world economy Read More »
Capesize The market strengthened convincingly over the course of the week, with momentum building steadily from an already active start in the Pacific following the UK bank holiday. Early support came primarily from robust Pacific activity, where the c…
Dry Bulk Shipping: Capesize Market Showing Strenght Read More »
As the Strait of Hormuz enters its eleventh week of effective closure with hundreds of vessels at anchor and roughly one-fifth of the world’s seaborne oil trade at a standstill, a recurring question asked by industry leaders globally is: does thi…
Force Majeure in the Age of Geopolitical Shock and Energy Security Read More »
FREIGHT MARKET OVERVIEW The Baltic Dry Index is approaching the 3,000-point threshold, supported by sustained gains across all major vessel segments, with the Capesize market continuing to lead the rally at +149% year-on-year. Current index levels repr…
Dry Bulk Vessel Crossings In The Strait Falling To Zero Read More »
Our Tanker Market Monitor this week reviews developments at the end of April, focusing on the ongoing disruption in the Strait as the war-driven deadlock continues unresolved for over 60 days. We shift our attention to the Atlantic market, where the US…
VLCC 5Y Tonnage Now Trades Above Newbuild Read More »