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Shipping companies are spending an extra €340 million a day in additional fuel costs as a result of the latest conflict in the Gulf, new T&E analysis shows. As 99% of the global fleet runs on fossil fuels, the industry is directly exposed to fuel price volatility and supply disruptions. Efficiency measures, electrification and e-fuels …

The existing situation in the tanker markets could be leading towards a long-term disruption with unknown variables. In its latest weekly report, shipbroker Xclusiv said that “the past week has confirmed that the disruption in the Arabian Gulf is no longer just a supply shock but a market distortion that is beginning to erode demand …

The Middle East conflict has delivered an immediate shock to the offshore market. Saudi Aramco, QatarEnergy, Kuwait Petroleum and ADNOC have all reduced, suspended or declared force majeure on production, with Gulf oil exports falling over 60% to around 9.7 million barrels per day for the week ending March 15. The closure of key offshore …

The global trading system looks set to be defined by a tug-of-war between high-tech acceleration and geopolitical disruption through to 2027. According to the latest Global Trade Outlook and Statistics report released by the World Trade Organization (WTO), world trade is projected to slow in 2026 following a 2025 performance that defied many expert predictions. …

The ship recycling market remains trapped in an adverse environment. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian ship recycling market remained at a standstill this week, with sentiment coming under pressure from the extraordinary increase in the USD/INR index and the lack of corresponding …

“Following the start of attacks on Iran on 28 February, transits through the Strait of Hormuz have effectively stopped, severing Persian Gulf ports from global container services. As a result, around 130 container ships, totalling about 1.5% of the global fleet’s capacity, are stranded in the gulf. The war has added uncertainty to an outlook …

Shipping companies are entering a more complex and capital-intensive phase as decarbonisation regulations begin to translate emissions targets into direct operating costs and long-term investment pressure. This is according to a new global survey of senior maritime executives commissioned by technology group Wärtsilä. The study, based on responses from 225 maritime leaders, found that more …

The main focus of owners active in the S&P market over the past week have been bulkers and suezmaxes. In its latest weekly report, shipbroker Xclusiv said that in the dry bulk market, “activity this week was spread across the Kamsarmax down to Handysize segments, with a notable presence of modern and resale candidates. On …

Damaged Qatari infrastructure and a near-collapse in Hormuz transit are shifting the LNG market from a supply shock to a flow-constrained crisis. The global LNG market remains under significant stress following Iranian attacks on Qatari energy infrastructure, which have removed approximately 17% of Qatar’s LNG export capacity, equivalent to roughly 3% of global LNG supply. …

“Global iron ore shipments have risen 5% y/y during the first 12 weeks of 2026, supported by stronger Chinese import demand. However, this increase has not been matched by Chinese steel production which fell 4% y/y during the first two months of the year. As a result, the additional supply has boosted portside inventories, which …