The sharp correction in VLCC freight rates over recent weeks suggests the market is entering a new phase. During the height of the Strait of Hormuz disruption, freight was primarily driven by concerns over vessel accessibility and uncertainty in transi…
VLCC: From Pricing Risk to Pricing Utilisation Read More »
Russia’s ability to process crude has taken a hit lately, which in turn has shifted cargo flows towards more crude being pushed into seaborne exports. In its latest weekly report, shipbroker Intermodal said that “as the war in Ukraine extends into its …
Tanker Market: Russian Fuel System in Limbo Read More »
Capesize The market staged an impressive recovery over the course of the week, reversing Monday’s subdued sentiment to finish on a firmly bullish note. What began with thin cargo volumes, cautious trading and limited miner participation gradually evolv…
Dry Bulk Market: Capesizes End the Week on Firm Note Read More »
The quest to rebuild the United States Coast Guard icebreaker fleet received a major boost with the recent signing of $3.5B contract to build U.S. Arctic Security Cutters: two to be built at Davie Defense affiliate Helsinki Shipyard in Finland…
Icebreaker Construction with Davie Defense & Almaco Read More »
Dry bulk demand could be impacted by the steadily falling Chinese coal imports. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-May 2026, global seaborne coal loadings increased by +2.3% yo-y to 527.6 mln t (excluding cabotage)…
Dry Bulk Shipping: China’s Coal Imports Keep Declining Read More »