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The Strait of Hormuz is the most important waypoint for vessels destined for the Arabian Gulf, as the largest discharge ports are located on the western side. Given the current conflict in the region, many vessels currently inside the Gulf are unlikely to risk exiting in the near term, effectively limiting available tonnage. ● ~320 …

The ship recycling market in Southeast Asia are also subject to the Gulf Region war escalation. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market came off during the week, with pricing levels no longer considered viable despite continued decent demand from end buyers. The …

“The attacks on Iran by the US and Israel have caused disruptions for ships transiting the Strait of Hormuz. Although this passage is less critical for the dry bulk sector than for the tanker market, the disruptions still impact around 4% of dry bulk cargo volumes and tonne mile demand,” says Filipe Gouveia, Shipping Analysis …

With the ongoing armed conflict in the Middle East, Iran confirms effectively blocking the Strait of Hormuz, through which 20% of the global LNG supply transits. Drewry expects about 2 million tonnes of LNG supply from Qatar and the UAE to be choked on a weekly basis, however, if tensions persist, this could disrupt up …

More dry bulk newbuilding orders have been placed this week, with Greek owners not shy of contracting more ships. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, Japan’s Imabari shipyard secured an order for 2 x 181,500 dwt capesize vessels from Greek-owner Navios Maritme. The price for each vessel …

Greek shipping has long stood as a model of resilience and continuity. Through economic cycles, global crises, and regulatory upheaval, Greek shipowners and managers have demonstrated not only commercial strength but also an enduring sense of responsibility. In an industry that is now redefining itself through sustainability, transparency, and digitalisation, this sense of responsibility offers …

The ongoing US–Iran conflict has severely disrupted maritime traffic through the Strait of Hormuz—a narrow but strategically vital waterway between Oman and Iran that connects crude oil exporters in the Persian Gulf with global markets. In response to ongoing arm conflict, vessels are diverting away from the Strait to evade the threat of attack. At …

Demand for second hand dry bulkers has grown considerably during the few weeks of 2026. In its latest weekly report, shipbroker Xclusiv said that “from 1 Jan to 20 Feb 2026, the dry bulk S&P tape has been running at a materially stronger tempo compared to the same window of 2025. Based on Xclusiv’s Shipbrokers …

Aframax mainstream tonne-miles demand has set seasonal highs so far in 2026, with freight rates striking multi-year highs. However, beneath the headline strength, a nuanced vessel-supply-side picture hints that net fleet growth is set to accelerate this year, despite the anticipated sanctions pull into the dark fleet. Plus, the composition of demand is shifting in …

With Capesize earnings expected to remain firm, the strength of the Cape market is likely to continue to support Panamax freight rates. A key driver of this continued correlation will be competition on major coal routes that still employ both Cape and Panamax tonnage. With Capesize earnings expected to remain firm, the strength of the …