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 »
Even if the current war in the Middle East is resolved peacefully in the coming weeks, shipping in the region will probably still have to face a new reality. In its latest weekly report, shipbroker Intermodal said that “for most of the past decade, the…
Shipping: The Hormuz Strait Conundrum After The War in the Middle East 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 »
The ship recycling market’s sentiment improved last week, despite adverse conditions. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian ship recycling market witnessed improved activity t…
Ship Recycling Taking a Hit From Geopolitical Tensions, But Sentiment Improved Last Week Read More »