S&P and Newbuilding Weekly 19 June 2026

The recent peace developments in the Iran conflict have provided optimism for maritime operations, particularly with the US lifting its blockade of Iranian ports and an expected reopening of the Strait of Hormuz within 60 days. However, freight and charter rates may face volatility as concerns linger regarding Iran's future administration of the waterway and the potential for levied transit fees. Meanwhile, insights from the shipping market reveal steady demand within the dry bulk sector and a resilient tanker market, despite subdued second-hand activity. The Kamsarmax transactions indicate upward movement in asset prices, exemplified by the MV 'MONT BLANC HAWK' sold for nearly USD 33 million, reinforcing a strong buyer sentiment amidst an overall increase in sale prices across various vessel segments.