Research Reports

Panama Canal transit prices soar to record highs, reaching USD 1.1 Mn amid declining water levels and draft restrictions, threatening cargo capacity and affecting US Gulf grain exports and coal flows to Asia.

Threats and attacks from several countries damage infrastructure and lead to more concerns about the Strait of Hormuz.

Recent arbitrage figures indicate considerable potential in CPP markets, particularly with gasoline exports from NW Europe to USAC and diesel from the USG to Med.

Tensions remain high in various parts of the Middle East, and the Strait of Hormuz seems unlikely to be re-opened soon.

Capesize rates fell significantly amid reduced activity, while Panamax and Supramax markets showed mixed trends, and Indonesia faces coal supply constraints despite favorable global demand conditions.

Despite high LNG commodity prices above USD 20/MMBtu due to geopolitical unrest, the market faces downward pressure with minimal spot activity and an oversupply of vessels, particularly affecting the Atlantic basin.

The week was successful for many tanker segments, though European MRs faced particular difficulty.

Newbuilding activity slows in Asia amidst summer breaks, while the second-hand tanker market reveals strong demand with a modern Suezmax achieving USD 123 million, suggesting resilience despite geopolitical tensions.

Interest in product tankers is again on the rise, indicating even greater fleet growth in coming years.

WCSA dry cargo rates are rising amid tightened tonnage, with Supramax rates increasing by 2.0 USD per day; port congestion remains a key concern, affecting operations in South American load ports.

This report is a quantitative tracking tool, summarizing fuel‑technology adoption rates and fleet composition for dry bulk, tankers, containers, and gas carriers.

Tight global supplies of refined products continue to create arbitrage opportunities.