Research Reports

The dry bulk market showed mixed trends, with Capesize rates declining to USD 52,315, while Handysize and Supramax indices strengthened, supported by solid US Gulf demand amid rising Chinese iron ore imports despite weakening steel production.

VLCC rates have soared over USD 1 million/day amid Middle East tensions affecting Saudi crude supplies, while second-hand tanker prices have risen significantly.

It was a positive week for tankers across the board, with multiple routes hitting record highs.

WCSA dry cargo rates remained firm amid an oversupplied Handysize market supported by ECSA demand; Supramax-Ultramax rates stayed strong, showing significant year-on-year growth in time-charter assessments.

The Affinity China Dry Index registered at 117.6 in September 2026, driven by falling imports and consumer confidence, while Chinese coal and bauxite imports experience significant changes amid shifting energy dynamics.

In September 2026, Capesize earnings surged to USD 51,300 daily, driven by Guinea's growing tonne-miles, while market reliance on Pacific ballasters increases voyage times amid slower steaming trends.

Soaring gasoline and diesel prices, particularly in Europe, are closing - and creating - arbitrage opportunities.

Prices soar as military action and a pipeline shutdown further complicate oil trade.

Geopolitical tensions in the Middle East lead to surging oil prices, with Brent nearing USD 110 per barrel, while LNG finds long-term demand amid short-term oversupply.

LNG prices rise sharply while freight rates stagnate, creating a challenging environment for shipping operators, as flexibility and modern vessels command a premium ahead of the Gastech conference.

VLCC earnings catapult to USD 554,170/day amid intensified Gulf tensions, with newbuilding premia plummeting; shipping market remains buoyant across sectors despite geopolitical disruptions, spurring significant new orders.

In a continuation of last week's trends, crude tankers had a very successful week, while product tankers had a quieter one and face soft sentiment.