Strait of Hormuz opens and naval blockade of Iran lifted after mediators announce US-Iran interim deal
Free transits on vital waterway to resume after formal signature of ‘Great Deal’ on 19 June
Tankers Newbuilding Ordering Spree, a 2026 Dominant Trend
Newbuilding orders in the tanker market, particularly for larger tonnage, has been a notable trend of 2026 so far. In its latest weekly report, shipbroker Gibson said that “the Strait of Hormuz has been largely blocked since late February but despite a…
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Flexibility wins: Orders shifting from Aframax to ‘coated Aframax
The tanker market’s growing uncertainty is changing the ordering patterns in the 80–120,000 dwt segment, known as the Aframax in crude and LR2 in product tankers. Traditionally, shipowners looking to transport crude oil opted for Aframax tankers, while…
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Dry Bulk Market: Capesizes Faced a Challenging Week
Capesize The market endured a challenging week, with sentiment deteriorating steadily as limited enquiry and a lack of sustained cargo volume weighed on both basins. The BCI 182 5TC fell from $42,798 at the start of the week to $37,251 by the close, re…
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Birthday breakthrough? Trump claims Iran deal will reopen Strait of Hormuz
President again claims a peace deal to reopen the waterway is imminent
Birthday breakthrough? Trump claims Iran deal will reopen Strait of Hormuz Read More »