Saudi Arabia has temporarily shut its East-West oil pipeline after an aerial attack, removing a key alternative export route while the Strait of Hormuz remains largely disrupted by war.
Baltic Exchange data for 14-18 August 2023 showed gains across several dry bulk segments. Panamax, Ultramax/Supramax and Handysize markets benefited from healthy demand and tighter vessel availability, while Capesize performance varied between the Pacific and Atlantic.
Offshore Wind · 31 AugEuropean CSOV availability remained tight through the summer, with several spot fixtures exceeding €60,000 per day. Delayed offshore wind projects and postponed vessel deliveries supported demand, although record fleet growth and weaker activity in Asia-Pacific could reshape the market.
Container Shipping · 31 AugPort delays are keeping 2.3m teu of containership capacity out of service, cushioning the market as newbuildings and a gradual return to Suez threaten to release substantial vessel supply.
Tankers · 28 AugA temporary Jones Act waiver is altering US coastal tanker flows by allowing foreign-flagged vessels to carry domestic cargoes when qualified US tonnage is unavailable, according to Intermodal. Product tankers are expected to benefit most, while longer West Coast voyages could generate additional ton-mile demand.
A live intelligence file on security, navigation, tanker flows, insurance, sanctions and shipping disruption around the Strait of Hormuz.
Timeline & latest developments →SECTORContainer freight markets, liner strategy, capacity, congestion, alliances, schedules and network changes.
Timeline & latest developments →MARKETDry-bulk freight, vessel supply, commodity flows, chartering conditions and major trade-route developments.
Timeline & latest developments →MARKETCrude and product tanker markets, fleet supply, freight, sanctions, routing and oil-trade dislocation.
Timeline & latest developments →