March delivered one of the most extraordinary freight markets in modern shipping history. The escalation of conflict in the Middle East culminated in a scenario many in shipping had long theorised but few expected to see materialise: the effective clos…
March VLCC outlook – Historic shockwaves through the market Read More »
“By the end of the first quarter of 2026, the global shipping order book hit a 17-year high, reaching 191m Compensated Gross Tonnes (CGT). This is equivalent to 17% of the global fleet, the highest ratio since 2011. The order book has been booste…
Global order book hits 17-year high amid record crude tanker contracting Read More »
One month of AIS-derived data from the world’s most consequential chokepoint and what it revealed about a dry bulk market frozen in place. Оn 28 February 2026, the Persian Gulf was running a normal book of business. Panamaxes were completing grai…
When the Gulf Went Still Read More »
BIMCO’s executives and analysts have weighed in the aftermath of the ceasefire agreement in the Middle East war. More specifically, Chief Safety & Security Officer, Jakob Larsen commented the following: Will ships trapped in the Persian Gulf seek t…
BIMCO: What Happens for Shipping After the Ceasefire Deal? Read More »
Six weeks into the Iran–US conflict, the closure of the Strait of Hormuz has triggered the most significant supply disruption in the modern oil market. Approximately 11 million barrels per day of crude production has been taken offline, export volumes …