Latest maritime market updates and reports
gCaptain
U.S. liquefied natural gas exports reached an unprecedented level in March, driven by plants operating beyond their capacity and the initiation of new units, as reported by gCaptain. This surge comes amidst disruptions in global supply due to the ongoing conflict in the Middle East.
gCaptain
The International Energy Agency (IEA) warns that oil supply disruptions from the Middle East will escalate in April, affecting Europe's economy due to the closure of the Strait of Hormuz, as reported by gCaptain. IEA head Fatih Birol highlighted the severe impact on oil supplies.
Seatrade Maritime
Seatrade Maritime reports that the ongoing conflict in the Middle East has led to a significant increase in fuel costs, adding an estimated $395 million per day to shipping expenses. This financial strain is prompting the industry to consider faster decarbonization efforts as a potential solution.
gCaptain
The International Energy Agency warns of a significant hit to global oil supplies this month, doubling the impact seen in March, as reported by gCaptain. U.S. President Donald Trump indicated a potential end to the Iran conflict soon and threatened to withdraw from NATO, highlighting the urgency of resolving the situation.
Seatrade Maritime
Seatrade Maritime provides an update on the weekly time charter rates for dry bulk and tanker shipping. The report highlights trends and fluctuations in the market as of April 1.
Offshore Energy
Inpex Masela, a subsidiary of Japan’s Inpex, has extended its memorandum of understanding with Indonesia’s PT Pertamina for a strategic collaboration on a liquefied natural gas project in the Arafura Sea, as reported by Offshore Energy. This extension allows both companies more time to pursue the implementation of the LNG project in Southeast Asia.
gCaptain
Asian liquefied natural gas (LNG) imports experienced their steepest decline in over three years last month, as reported by gCaptain. The ongoing conflict in the Middle East has disrupted supply chains and driven prices higher, impacting the region's LNG market significantly.
Splash247
Hapag-Lloyd has increased its ownership in JM Baxi Ports and Logistics to 50%, as confirmed in its 2025 annual report, according to Splash247. The Hamburg-based shipping company initially acquired a 35% stake from Bain Capital earlier in 2023.
Splash247
The effective closure of the Strait of Hormuz by Iran is prompting a global resurgence in coal usage, with countries like Japan, South Korea, Germany, and the Philippines reversing previous commitments to phase out coal, as reported by Splash247. This shift is driven by the need to compensate for disrupted LNG supplies.
Splash247
BRS Group's annual review reveals that the United States holds less than 1% of the global commercial shipbuilding market share, placing it on par with Vietnam in terms of competitiveness. This analysis, as reported by Splash247, underscores the significant structural challenges facing U.S. maritime ambitions.
