The VLCC market is enjoying a strong upswing, with spot earnings consistently exceeding $100,000pd as rising OPEC supply has boosted vessel demand in the Arabian Gulf. With OPEC+ targets indicating an oversupplied oil market through 1Q26, the correspon…
Excessive ordering to hurt long-term prospects of VLCCs Read More »
Most coal exporting countries have seen lower exports so far in the year, with Indonesia being no exception. The main “culprit” is China’s diminished appetite for seaborne coal imports. In its latest weekly report, shipbroker Banchero Costa said that “…
Dry Bulk Shipping: China’s Coal Imports Down 13% in 2025 Read More »
This week’s analysis focuses on VLCC performance and the evolving Russian crude flows. Building on our October and November Special Editions, we have already outlined the main drivers behind the recent market surge. In the November edition, we emphasis…
Tracking VLCC freight momentum and the latest Russian flow shifts Read More »
The Houthis’ recent announcement to halt attacks on vessels transiting the Red Sea is a positive development for Suez Canal traffic. However, given their history of frequently shifting positions, the industry remains cautious about any near-term normal…
Easing Red Sea crisis might squeeze LR rates amid ballooning fleet Read More »
Geopolitics aren’t exclusive to the tanker market, as it seems that they could also have an impact on the dry bulk segment as well. In its latest weekly report, shipbroker Xclusiv said that “China’s rush to lock in Africa’s battery metals is not just a…
Dry Bulk Shipping and China’s Rush Into Africa’s Resources Read More »