The US-Iran deal offers a path forward, but the Strait remains contested
The US-Iran agreement was supposed to end the war and reopen the Strait of Hormuz. Two weeks later, both sides are accusing each other of breaking it The deal that was meant to end the crisis may be just the beginning of a new oneOn 17 June, the United States and Iran signed a memorandum […]
A deal is signed, but the tanker market has already been reshaped
The US-Iran agreement marks the beginning of a normalisation process, not the end of one, and the structural changes in global crude flows will support tanker demand well beyond the reopening The largest rerouting of crude trade in modern history enters a new phaseThe US-Iran memorandum of understanding signed on 18 June represents the most […]
EMF operating fleet map
See where the EMF vessels are going at this very moment Freeport Star Currently located in the Gulf of Mexico Was enroute from New York, USA to Houston, USA The Port of Houston sits at the heart of the largest petrochemical complex in the world, making it one of the most critical energy shipping hubs […]
Leadership Appointments – June 2026
EMF has made a number of leadership appointments as part of the continued strengthening of its governance framework Peter Kubicki has been appointed Chief Executive Officer, bringing experience across banking, financial services, and regulated investment management. Stephen Schueler has been appointed Chairman of the Board, with a background that includes senior leadership roles at A.P. […]
Low Inventories Point to Extended Period of High Fleet Utilization
The world has been running on reserves for months; refilling them will keep tankers and gas carriers busy well into 2027 The rebuild requirement is large and will take timeSince the Strait of Hormuz was effectively closed in late February, the world has been drawing heavily on stored oil and gas to meet demand, depleting […]
Hormuz Open in Parts, Not in Full
Traffic rebounded sharply after the June 18 MOU, but Iran’s re-declared closure on June 20 A partial reopening, not a return to normalWhen the US-Iran memorandum of understanding was signed on June 17, shipping activity recovered quickly: Kpler recorded 93 transits over the June 19-21 weekend, up from 32 the prior weekend, with US CENTCOM […]
Svindende lagre tyder på længere periode med høj flådeudnyttelse
Verden har tæret på lagrene i månedsvis – genopbygningen vil holde tank- og gasskibe beskæftiget langt ind i 2027 Behovet for lagergenopbygning er omfattende og vil tage tidSiden den reelle lukning af Hormuzstrædet i slutningen af februar har verden i høj grad tæret på oplagrede olie- og gasreserver for at dække efterspørgslen. Det har reduceret […]
Hormuzstrædet er åbent – men dog kun delvist
Trafikken steg markant efter aftalen 18. juni, men Iran genindførte lukningen 20. juni En delvis genåbning – ikke en tilbagevenden til normale forholdDa USA og Iran underskrev deres memorandum of understanding den 17. juni, tog skibstrafikken hurtigt til igen. Kpler registrerede 93 passager i weekenden 19.-21. juni mod 32 weekenden før, mens US CENTCOM oplyste, […]
USA-Iran-aftale genåbner Hormuzstrædet; tankraterne og markedsoptimismen stiger
Aftalen er underskrevet, men strædet genåbnes ikke helt, så længe minerydningen fortsætter Tank: VLCC-raterne stiger 87%, mens rederne afventer flere laster fra GolfenVLCC-indtjeningen steg 87% til omkring USD 195.000 pr. dag, efter at aftalen mellem USA og Iran fra den 18. juni 2026 styrkede forventningerne om genoptagelse af olieeksporten fra Mellemøsten. Rederne holdt igen med […]
US-Iran Deal Opens Hormuz; Tanker Rates Surge on Owner Optimism
The agreement is signed, but the Strait remains physically constrained while mine-clearance proceeds Tankers: VLCC rates jump 87% as owners hold back ahead of Gulf cargo flowsVLCC earnings rose 87% to approximately $195,000/day after the US-Iran agreement on 18 June 2026 raised expectations of restored Middle East oil flows. Owners pulled back from fixing, anticipating […]
