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In our latest Short-Term Energy Outlook (STEO), we forecast that U.S. liquefied natural gas (LNG) exports will continue to increase as five LNG export projects start operations and ramp up production by the end of 2027. We also forecast increased natural gas pipeline exports, mainly to Mexico. In our forecast, net exports of U.S. natural …

The ship recycling market has picked up pace over the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that in India, “Indian recyclers remain keen to acquire fresh tonnage, with currency movements offering some support to buyers, while softer steel prices continue to weigh on sentiment. …

A landmark study commissioned by Seas At Risk, drawing on 1.74 billion kilometres of real voyage data, the equivalent distance from the Earth to Saturn, finds that wind propulsion could reduce fleet-wide fuel use by 6.3–9.4% with even greater potential when combined with other measures. By 2050, it could deliver up to 762 million tonnes …

India’s dry bulk exports, although modest in global terms, increased noticeably through 2025–26 alongside the depreciation of the Indian rupee. The trend broadly aligned with classical economic theory, although the response varied across commodities and regions. For dry bulk shipping, this translated into incremental cargo availability, particularly on regional trade routes. A standard starting point …

More Greek owners have placed newbuilding orders over the past few days. In its latest weekly report, shipbroker Banchero Costa noted that “Chinese groups led newbuilding contracting with sizable orders, while Greek owners maintained a dynamic presence. In the dry bulk segment, Shandong Shipping proceeded with an order for 10 VLOCs at Qingdao Beihai, priced …

The debate over whether net zero is possible by 2050 may continue for years, while global emissions and temperatures continue to rise. But the question of green hydrogen’s role in achieving it has swung from hype to skepticism to a pragmatic center: shipping and several other hard-to-abate sectors need green hydrogen to reach net zero. …

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 closure of the Strait of Hormuz. The TD3C benchmark reacted intensely, with the index surging to …

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 Gulf states tried to live with Iran rather than settle …

“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 boosted by higher newbuilding contracting throughout the 2020s and most recently by …

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 grain discharges at Bandar Imam Khomeini. Supramaxes were working fertilizer parcels. Handysizers were loading industrial …