market News

Latest maritime market updates and reports

market March 10, 2026

Hormuz Closure Drives Bunker Prices to New Highs

Bunker prices have surged to record levels due to the ongoing conflict involving Iran and the US/Israeli coalition, as reported by Splash247. Ship & Bunker notes that the average global price for IFO380 heavy bunker fuel reached $841.50 per ton, surpassing the previous record of $760. The price in Singapore, a key maritime hub, has also seen significant increases.

Singapore (SG)

Splash247

market March 10, 2026

Navitas Compania Maritima Secures Capesize Bulker Deal

Navitas Compania Maritima has successfully acquired a capesize bulker amid rising prices, as reported by Splash247. The market has seen a shift from kamsarmax and supramax segments to capesize vessels, with Chinese and Greek buyers leading acquisitions in early March.

Splash247

gCaptain

market March 9, 2026

Trump Considers Easing Russian Oil Sanctions Amid Hormuz Tensions

U.S. President Donald Trump is contemplating the relaxation of oil sanctions on Russia and the release of emergency crude reserves to address escalating global oil prices due to the Iran conflict, as reported by gCaptain. These measures are part of a broader strategy to mitigate the impact of disruptions in the Strait of Hormuz.

gCaptain

market March 9, 2026

Tariff Uncertainty to Impact U.S. Container Imports Through 2026

U.S. containerized imports are projected to remain below 2025 levels until mid-2026 due to ongoing tariff uncertainties, as reported by the Global Port Tracker report, according to gCaptain. This trend reflects the broader challenges faced by the shipping industry amid fluctuating trade policies.

gCaptain

market March 9, 2026

Oil Prices Surge Amid U.S.-Israeli Conflict with Iran

Oil prices have surged to over $119 a barrel, reaching their highest levels since mid-2022, as reported by gCaptain. This increase is attributed to major producers cutting supplies and concerns over prolonged shipping disruptions due to the escalating U.S.-Israeli conflict with Iran.

gCaptain

Splash247

market March 9, 2026

Pelagic Credit Debuts on Oslo Stock Exchange Following $75M Capital Raise

Pelagic Partners, a Cypriot shipowner and shipping fund manager, has successfully listed its new investment platform, Pelagic Credit, on the Oslo Stock Exchange, as reported by Splash247. The platform focuses on generating stable cash flows through long-term contracted employment of maritime assets.

Splash247

Seatrade Maritime

market March 9, 2026

Weekly Overview of Tanker and Dry Bulk Shipping Rates

Seatrade Maritime reports on the latest time charter rates for dry bulk and tanker shipping, highlighting trends and fluctuations in the market. The analysis provides insights into the current state of the shipping industry, focusing on key rate changes.

Seatrade Maritime

gCaptain

market March 9, 2026

EU Purchases Entire Russian Arctic LNG Supply Despite Upcoming Ban

gCaptain reports that EU buyers acquired all liquefied natural gas from Russia's Yamal LNG project in February, just nine months before a planned EU ban on Russian LNG. This move underscores a significant gap between the EU's policy goals and market dynamics.

gCaptain

Splash247

market March 9, 2026

Hormuz Conflict Drives Historic Shipping Rate Surge

Splash247 reports that the ongoing conflict between Iran and the US/Israeli coalition has led to a significant increase in oil prices and spot shipping rates, reaching historic highs. The situation, now in its tenth day, is heavily impacting the global economy.

Splash247

market March 9, 2026

Africa's Container Lanes Lead Global Growth

Africa is emerging as a significant player in the global liner market, with its container lanes showing the highest growth rates, according to data from Container Trade Statistics reported by Splash247. The trend observed last year continues to gain momentum, highlighting Africa's increasing influence on global trade routes.

Splash247