Gaza conflict disrupts Red Sea shipping

Major delays following US strikes in Yemen Shipping through the Red Sea and Suez Canal faces further delays after US airstrikes on Houthi targets in Yemen and Israel’s renewed conflict in Gaza. Analysts now expect it to take at least six more months before major container lines resume normal operations. Most carriers continue rerouting around […]

G7 cracking down on shadow tankers

G7 cracking down on shadow tankers The G7 is stepping up efforts to crack down on the shadow fleet, which now accounts for more than 20% of the global tanker fleet. Foreign ministers have called for expanded satellite-based vessel tracking to monitor illicit ship-to-ship oil transfers and unregistered tankers – many of which are moving […]

VLGC market rebounds strongly

Spot rates surge after a soft start to 2025 After a weaker-than-expected start to the year, the Very Large Gas Carrier (VLGC) market has shown a sharp turnaround in March. Spot rates, which had fallen below $30,000 per day earlier in the year, have now climbed to approximately $40,000 per day.  US export infrastructure set […]

Tanker market gains momentum this week

Tariffs and sanctions causing tanker demand to surge The tanker market gained strong momentum, with average earnings rising 11% week-on-week. The Suezmax segment increased with a 23% surge, reaching a nine-month high. Additionally, product tankers saw a notable rise in earnings, further highlighting the market’s strength. This uptrend reflects the broader impact of ongoing trade […]