market News

gCaptain

market February 21, 2026

Tanker Heads to Cuba, Challenging Trump-Era Sanctions

A tanker reportedly carrying Russian fuels is en route to Cuba, testing the sanctions imposed by former US President Donald Trump, as reported by gCaptain. The development raises questions about the effectiveness of the blockade amid ongoing geopolitical tensions.

Cuba (CU)

gCaptain

gCaptain

market February 20, 2026

Supreme Court Overturns Trump Tariffs, Impacting Supply Chains

The U.S. Supreme Court has invalidated tariffs imposed by former President Donald Trump under the International Emergency Economic Powers Act, as reported by gCaptain. The 6-3 decision is expected to cause significant disruptions in global supply chains.

gCaptain

gCaptain

market February 20, 2026

Oil Tanker Rates Surge Amid Iran Tensions

Oil supertanker rates are poised to reach their highest levels this decade due to the escalating risk of a US attack on Iran, as reported by gCaptain. The concentration of vessel ownership is also contributing to the rising costs.

gCaptain

gCaptain

market February 20, 2026

China Acquires Russian Oil Cargoes Shunned by India

Chinese refiners are purchasing Russian oil cargoes that have been avoided by India, assisting Moscow in mitigating a decline in purchases from its largest seaborne buyer, as reported by gCaptain.

gCaptain

Splash247

market February 20, 2026

DHT Holdings Secures High-Paying Charter for VLCC DHT Taiga

Splash247 reports that DHT Holdings has secured a lucrative one-year time charter for its VLCC DHT Taiga at a rate of $94,000 per day. The deal, made with an unnamed global energy company, involves the 2012-built vessel and is set to commence in March.

DHT Taiga (tanker)

Splash247

Seatrade Maritime

market February 20, 2026

Key Maritime Developments: Hapag-Lloyd Consolidation and US Port Fees

Seatrade Maritime reports on significant maritime developments, including Hapag-Lloyd's container consolidation efforts and a new US port fee introduced under Trump's Maritime Action. Additionally, Maersk and DP World have announced a terminal partnership in Saudi Arabia.

Seatrade Maritime

gCaptain

market February 19, 2026

Container Shipping Rates Continue to Decline for Sixth Week

Global container shipping rates have dropped for the sixth week in a row, decreasing by 1% to $1,919 per 40-foot container, as reported by gCaptain. The anticipated pre-Lunar New Year surge in cargo has not materialized, contributing to the continued decline.

gCaptain

Seatrade Maritime

market February 19, 2026

Hamburg Sees Throughput Surge Amid Box Growth

Seatrade Maritime reports that Hamburg has experienced an increase in throughput, driven by growth in container volumes. Despite a decline in US volumes due to tariffs imposed by the Trump administration, both China and India have shown increased throughput, contributing to the overall positive trend.

Seatrade Maritime

Splash247

market February 19, 2026

Shipfinex Introduces Fractional Ship Ownership at Geneva Dry Dialogues

Splash247 reports that Shipfinex, a sponsor of the Geneva Dry Dialogues, is promoting ship ownership from as little as $1,000 through its ship tokenisation platform. The company aims to revolutionize the industry by enabling fractional ownership and leveraging blockchain technology.

Splash247

gCaptain

market February 18, 2026

Phillips 66, Citgo Eye Direct Venezuelan Crude Purchases

Phillips 66 and Citgo Petroleum are planning to purchase heavy crude directly from Venezuela's PDVSA starting in April, aiming to boost profits by bypassing intermediaries, as reported by gCaptain. The move would allow the companies to avoid trading houses and Chevron in their procurement processes.

gCaptain