VLCC Spot Earnings Hit $1m/Day: The right time for Tanker pooling is now

Exceptional VLCC spot earnings are putting a familiar commercial question firmly back in focus: how much exposure should shipowners have to the spot market, and how can they balance the opportunity for higher returns with the need for predictable and sustainable earnings? The question is particularly timely, as VLCC spot earnings have reached record levels …

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Xeneta: Carriers Seize Opportunity As Freight Rates Head Towards Record Levels From Far East To US

The Xeneta Weekly Ocean Container Shipping Market Update provides data and intelligence including the latest freight rate and capacity movements across global trades with supporting insight from Peter Sand, Xeneta Chief Analyst. Xeneta analyst insight – carriers seize opportunity as freight rates head towards record levels from Far East to US Peter Sand, Xeneta Chief …

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Coal retraction on the horizon

Global coal markets are heading into 2027 with an unusual combination of resilience, uncertainty and structural change, according to the International Energy Agency’s latest Coal Mid-Year Update 2026. While geopolitical tensions and higher natural gas prices have given coal demand and trade an unexpected boost in 2026, the IEA expects those gains to prove temporary, …

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International Chamber of Shipping addresses UN Security Council on maritime security and freedom of navigation

Secretary General of the International Chamber of Shipping (ICS), Thomas A. Kazakos, addressed the United Nations Security Council on the critical importance of protecting maritime security, freedom of navigation, and the established international legal framework governing the world’s oceans, in New York yesterday. The International Chamber of Shipping was invited to brief an Arria-Formula meeting …

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The Week in Alt Fuels: From promises to timelines

More concrete timelines are making ammonia bunkering look less like a pipe dream. But recent leaks underscore the safety concerns as plans move closer to reality. Chinese shipping firm Shenghang Shipping’s converted ammonia carrier has achieved operational readiness as a bunker vessel after receiving certification for ship-to-ship ammonia bunkering from China Classification Society. The 5,500-cbm …

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The Houthis Take Perim and Petroline Is Hit as Freight Rates Cross $1 Million a Day

Operational Overview Saudi Arabia’s workaround to the partial closure of the Strait of Hormuz came under direct attack last week. Saudi Arabia diverted crude to the Red Sea port of Yanbu via the East-West pipeline. On September 10, a pumping station on the pipeline was attacked and preemptively shut down. On the same day, Houthi …

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Iran, Oman close to agreement on shipping corridor in Strait of Hormuz

Iran and Oman have almost finalised an agreement on a shipping corridor in the Strait of Hormuz, but this does not mean the strait will be reopened, said Hassan Ghashghavi, spokesperson for the Iranian Parliament’s National Security and Foreign Policy Committee, reported Sputnik/RIA Novosti. In August, the Iranian Foreign Ministry said Iran and Oman had …

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