As we enter a new quarter, shipping markets remain gripped by an escalating geopolitical crisis. The US-Iran Memorandum of Understanding (MOU) lapsed in mid-August without renewal, and by early September the two sides had intensified a series of strikes and...

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Demand for seaborne LNG demand is expected to grow significantly, mainly as a result of the EU’s future needs. In its latest weekly report, shipbroker Intermodal said that “the European gas market is heading into the winter heating season against a challenging...

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Iraqi Oil Tankers Co. aims to purchase and own crude oil tankers, allowing it to ship crude beyond the Strait of Hormuz rather than offloading it to buyers at Basrah port, the state-run Iraqi News Agency reported Oct. 3, citing Ali Qais, the company’s director...

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Middle East oil exports, excluding Iran, surpassed the pre-war average of 18 million barrels per day last week, despite attacks in the Strait of Hormuz, according to data from the maritime tracking firm Kpler. Crude oil exports reached pre-war levels in September,...

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At the beginning of Q3 2026, the ship recycling market appeared to be approaching a meaningful increase in supply. Hundreds of merchant vessels were preparing to move out of the Gulf, oil had fallen sharply from earlier highs, freight premiums were easing, and...

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