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“It won’t be tough to finish the job” – Middle East Latest
Iran has launched more attacks on vessels transiting the Strait of Hormuz, triggering more threats from the White House.
Mind the Macro
US-Iran Tensions Escalate, Oil Volatility, and Grain Route Disruptions
This edition covers the escalating US-Iran conflict impacting the Strait of Hormuz and oil prices, disruptions to Black Sea grain routes, Europe's contradictory gas market, and the container sector's long-term outlook amidst geopolitical unpredictability.
All Reports
China Dry Cargo Signals: July 2026
The Affinity China Dry Index at 105.1 suggests improved dry bulk demand in July 2026, despite declining imports and consumer confidence, as iron ore imports stabilize amid shifting coal market dynamics.
China Dry Cargo Signals: May 2026
In May 2026, China's dry cargo sector shows resilience with a rising Affinity China Dry Index at 108, while coal imports drop 12.5 per cent year-on-year amid strong domestic supply and renewable energy transitions.
China Dry Cargo Signals: April 2026
The Affinity China Dry Index indicates a weaker market at 95.1 in February 2026 as steel production rises amid improved consumer confidence, while coal imports surged by 39 per cent following geopolitical tensions.
China Dry Cargo Signals: March 2026
China’s dry bulk market remained stronger in January 2026, with the Affinity China Dry Index at 111, 11 per cent higher than January 2022, despite a 5 per cent monthly dip due to Chinese New Year seasonal trade slowdown.
China Dry Cargo Signals: January 2026
Affinity China Dry Outlook Jan 2026 – Index hits 114.9, showing stronger Chinese dry‑bulk demand with rising imports, steel output, iron‑ore and coal trends.