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India has been importing less coal overall so far in 2026, despite an increase in imports from Russia. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Aug

Exceptional VLCC spot earnings are putting a familiar commercial question firmly back in focus: how much exposure should shipowners have to the spot market, and how can they balance the

Global coal markets are heading into 2027 with an unusual combination of resilience, uncertainty and structural change, according to the International Energy Agency’s latest Coal Mid-Year Update 2026. While geopolitical

Newbuilding ordering activity has retained its strong momentum last week. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding activity remained active this week; Chinese yards continued to

“Since the start of July, Panama Canal bulker transits have fallen 22% y/y. Bulkers have faced increased competition for transit slots from other sectors, especially tankers, as the US has

With vessels operating for 25–30 years and only around 4% of the fleet renewed annually, newbuild decisions made over the coming decade will establish much of the engine capacity available

The ship recycling market has remained trending higher, as has been the case over the past few weeks. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer

The Strait of Hormuz is not closed. That may be precisely what makes the present situation more difficult for shipowners. A closed waterway produces a clear decision. An open waterway

Russia’s shadow fleet has evolved from a geopolitical workaround into a structural feature of global oil trading, and, as a result, a growing source of risk for those in the