1H 2026 Shipping Market Trends & Highlights

1H 2026 Shipping Market Trends & Highlights
The first half of 2026 was defined by the closure of the Strait of Hormuz following US-Israeli military operations against Iran in late February. The disruption rippled across shipping markets: asset values recovered strongly across most segments, ordering activity...
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OPEC Expects Lower Oil Demand Growth in 2026

Crude Oil Price Movements In June, the OPEC Reference Basket (ORB) value dropped by $24.80/b, m-o-m, to average $89.75/b. The ICE Brent front-month contract fell in June by $19.28/b, m-o-m, to average $84.43/b, while the NYMEX WTI front-month contract declined by...
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Ukrainian strikes pivot to Russian fuel tankers

Ukraine has extended its targets to include fuel tankers as it continues to attack Russian oil refining and exporting assets. Ukrainian drones struck two fuel tankers off Russia’s southern coast last week, escalating pressure on the country’s already deepening fuel...
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Korean shipbuilders eye W10tr profit on LNG boom

Korean shipbuilders eye W10tr profit on LNG boom
South Korea’s three largest shipbuilders are on track to post a combined annual operating profit of 10 trillion won ($6.6 billion) for the first time, propelled by high-margin liquefied natural gas carriers and improved shipyard productivity. HD Korea Shipbuilding...
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