Ceasefire pauses hostilities but dual blockade keeps Hormuz effectively closed
April 7 ceasefire opens diplomatic path, but the Strait remains physically shut for most of the month April’s geopolitical landscape was defined by the tension between diplomatic progress and physical reality on the water. A two-week ceasefire agreed on 7 April between the US, Israel, and Iran represented the first realistic opportunity to reopen the […]
Fuel price shock accelerates EV demand as car carrier rates hold firm, structurally insulated from Hormuz
Rates steady at + USD 50,000 per day as segment avoids direct Hormuz exposure The car carrier segment demonstrated continued resilience in April, with six-to-twelve-month timecharter rates for modern tonnage holding at approximately USD 50,000 per day, recovering from the softer levels seen in late 2025. The PCTC market was comparatively insulated from the Hormuz […]
Rates surge to multi-year highs as Persian Gulf shutdown forces all Asian demand onto US Gulf exports
Gulf LPG exports halt entirely, redirecting global demand to the US and creating acute vessel scarcity April marked the tightest conditions in the VLGC market since early 2024. With Persian Gulf LPG exports effectively shut down following the Hormuz closure, Asian buyers were forced to source virtually all spot requirements from the United States, concentrating […]
Tanker earnings peak starts to ease as Hormuz shifts vessel flows
Hormuz closure pushes ships into the Atlantic and drove tanker earnings higher in April The tanker market in April was dominated by the closure of the Strait of Hormuz. With the Persian Gulf effectively closed, crude tanker earnings reached levels not seen in years. The driver was not broad-based demand growth but a severe geographic […]
UAE forlater OPEC og EU strammer inn mot Russland
To særlige utviklinger denne uken som påvirker fremtidig energihandel UAE vil forlate OPEC – positivt for etterspørselen etter tankskipDe forente arabiske emirater vil forlate OPEC/OPEC+ fra 1. mai, med henvisning til nasjonale interesser og ønsket om å møte etterspørselen i markedet. Beslutningen kommer etter økende spenninger, siden landet har investert tungt i å øke produksjonskapasiteten […]
Lukningen af Hormuzstrædet trækker ud – mere end én milliard tønder er nu udeblevet
Markedets strukturelle forvridning forværret i konfliktens ottende uge, normale tilstande ikke i sigte Indtjeningen fortsat høj under strædets reelle lukningRåolietankmarkedet svækkedes moderat i forhold til ugen før, men ligger fortsat på historisk høje niveauer i alle segmenter, og gennemsnittene for 2026 ligger mange gange højere end niveauerne i 2025. Hormuzstrædet er nu reelt lukket i […]
Emiraterne forlader OPEC – EU øger presset på Rusland
To hændelser i denne uge med betydning for fremtidens energihandel UAE forlader OPEC – positivt nyt for tankefterspørgslenDe Forenede Arabiske Emirater (UAE) har valgt at forlade OPEC/OPEC+ den 1. maj med henvisning til nationale interesser og ønsket om at imødekomme markedets efterspørgsel. Beslutningen følger voksende spændinger, da UAE har investeret massivt i at øge produktionskapaciteten […]
Hormuzstrædet forbliver lukket, mens markedet navigerer gennem den ottende uge med uro
Tankindtjeningen falder, men bliver på solidt højt niveau Tank: Indtjeningen har toppet for nu, men holder sig et godt stykke over 2025-gennemsnittetRåolietankmarkedet faldt svagt i forhold til sidste uge, eftersom lav fragtaktivitet lagde pres på alle størrelsesklasser. Faldet afspejler dog en normalisering fra et ekstraordinært højt niveau snarere end en strukturel nedgang. Suezmax og Aframax […]
Hormuz closure deepens as supply loss reaches one billion barrels
Structural market dislocation intensifies into week eight, with no clear path to normalisation Earnings hold firm as the strait remains effectively closedCrude tanker markets softened modestly week-on-week but remain at historically elevated levels across all segments, with 2026 year-to-date averages running at multiples of 2025 levels. The Strait of Hormuz is now in its eighth […]
UAE exits OPEC and EU tightens the screws on Russia
Two developments this week impacting future energy trade UAE to Exit OPEC – Positive for Tanker DemandThe UAE will exit OPEC/OPEC+ on 1 May, citing national interest and a commitment to meeting market demand. The move follows growing tensions, as the UAE has invested heavily to expand production capacity to 5.0 million bpd by 2027, […]
