News

Libya’s oil production and subsequent seaborne tanker trade could be heading for significant momentum moving forward. In its latest weekly report, shipbroker Intermodal said that “Libya’s oil sector is gaining renewed momentum in 2026, following a series of strategic developments that took place recently at the Libya Energy & Economic Summit (LEES). The summit showcased …

Global steel flows reached 283mt in 2025, according to Signal Ocean, an increase of over 5%. This growth was driven entirely by China, which saw outward steel flows reach 119mt, up 15% y/y. China increased its share of steel flow origins from 38% in 2024 to 42% in 2025. Outside of China, combined outward flows …

The doubling of blank sailings by carriers, as flagged by the Drewry Container Capacity Insight, has raised questions. In this Logistics Executive Briefing, Drewry experts provide our independent, data-backed assessment of what this wave of sailing cancellations means and what to expect. This month, a total of 136 Transpacific, Asia-Europe/Mediterranean and Transatlantic sailings have been …

A full ban on maritime services for Russian oil is on the cards, with the implications for the tanker market more obvious than ever. In its latest weekly report, shipbroker Gibson said that “the EU is considering a major change to its sanctions framework on Russian oil. As reported on the 6th of February, the …

Capesize The Capesize market started the week on a softer note but gradually reversed course from mid‑week as both basins lent support. The Capesize 5 Timecharter average (C5TC 182) opened at $25,692 and closed at $28,849, marking a $3,157 rise over the five trading days. Among all routes, the transpacific run delivered the strongest contribution …

Ammonia propulsion is moving from concept to commercial reality as several engine developers bring dual‑fuel designs to market. Everllence’s new ME‑LGIA engine integrates advanced safety barriers, digital connectivity, and fuel flexibility, marking a significant step towards practical zero‑carbon deep‑sea shipping. As the maritime industry accelerates towards decarbonization, the transition to low greenhouse gas fuels is …

Seaborne iron ore exports from Brazil, the second largest iron ore exporter kept their downward trend during 2025, but even more so during the first month of 2026. In its latest weekly report, shipbroker Banchero Costa said that “2025 was another positive year for global seaborne iron ore trade. In Jan-Dec 2025, global loadings of …

Recent freight market behavior suggests a pause in the rally rather than a structural reversal. Freight levels remain supported by constrained tonnage supply, particularly in core export regions, though near-term direction will depend on fresh cargo flow and overall market activity. Arabian Gulf and West African dirty freight markets are currently characterized more by holding …

Ship finance is undergoing a structural transformation that extends far beyond the typical market cycle, according to legal experts. In a Holland & Knight Insights article, authors Sophia Agathis, a partner at the firm, and Nicholas Kaasik, senior counsel, note that as 2026 unfolds, the ship finance industry is expected to reach a crossroad where …

The tanker market has started off the year on a positive note, OPEC said in its latest monthly report. Dirty tanker spot freight rates had a strong start to the year in January, supported by geopolitical uncertainties, weather disruptions, unplanned outages, and steady loading activity. VLCC spot freight rates began in 2026 with an exceptionally …