The tanker market is still experiencing significant uncertainty and shifts of trade routes, as the Hormuz Strait, remains largely closed. In its latest weekly report, shipbroker Gibson said that “the crisis in the Middle East shows no signs of abating….
Tankers: Hormuz Closure and The Bigger Risks for the Oil Market Read More »
Capesize The market experienced a volatile but ultimately firmer week, shaped largely by fluctuations in bunker prices. Early in the week, the market strengthened sharply as Brent crude surged above the $100 threshold, inflating voyage calculations and…
Dry Bulk Market: Capesizes Firming Up Read More »
Drewry expects about 25% of the total vessel demand to be for replacement tonnage by 2035. While over 550 LNGCs will be required by 2035, 140 LNGCs will be needed to offset the tonnage lost from accelerated demolitions. We expect 100 steam turbine carr…
Shrinking lifeline for steam LNGCs — Are TFDE/DFDE carriers next? Read More »
The IMO Sub-Committee on the Ship Systems and Equipment (SSE) held its 12th session from March 9 to 13, 2026. ABS has issued guidance on the significant issues progressed at the session including the proposed amendments to the LSA Code.The amendments…
IMO Progresses Lifeboat Air Supply Requirements Read More »
Dynacom closes second newbuilding contract with China’s Hengli Heavy
George Procopiou takes VLCC tally at Hengli to 16 with fresh order Read More »