market News - VesselAPI

market May 15, 2026

Port of Long Beach Faces Cargo Decline Amid Hormuz Crisis

Cargo volumes at the Port of Long Beach saw a year-over-year decline in April, influenced by global market volatility and rising fuel costs, as reported by gCaptain. The ongoing crisis in the Strait of Hormuz continues to exert pressure on international supply chains, impacting trade operations.

Port of Long Beach (US)

gCaptain

Seatrade Maritime

market May 15, 2026

Transpacific Spot Rates Climb Amid Bunker Costs and Surcharges

Seatrade Maritime reports that spot rates on the Transpacific route are increasing due to rising bunker costs and peak season surcharges. However, these increases are expected to stabilize as contract rates take effect.

Seatrade Maritime

market May 15, 2026

Yang Ming Marine Sees 81.5% Profit Decline in Q1

Yang Ming Marine's profits plummeted by 81.5% in the first quarter, largely due to decreased freight rates and strategic redeployments amid Middle East tensions, as reported by Seatrade Maritime.

Seatrade Maritime

Splash247

market May 15, 2026

Coal Gains New Importance Amid Hormuz Crisis

Coal's significance as an energy security asset has been reassessed due to the Hormuz crisis, as discussed at Geneva Dry, according to Splash247. The session, moderated by Benjamin Wilkes of d'Amico Dry, highlighted the changing dynamics in seaborne coal and dry bulk shipping demand.

Splash247

gCaptain

market May 14, 2026

Supertanker Activity Increases in Strait of Hormuz Amid Oil Market Strain

The number of supertankers transporting unsanctioned oil through the Strait of Hormuz has increased recently, providing slight relief to the oil market, as reported by gCaptain. This development comes amid the largest supply disruption in the market's history.

gCaptain

market May 14, 2026

Container Spot Rates Climb as Carriers Add Surcharges

Global container spot rates have experienced their steepest weekly increase in months, driven by carriers implementing emergency surcharges and reducing capacity, as reported by gCaptain. These changes come amid rising geopolitical tensions and indications of an early peak shipping season.

gCaptain

Offshore Energy

market May 14, 2026

Worley and Baker Hughes Collaborate on Lower-Carbon LNG Initiatives

Baker Hughes, a U.S.-based energy technology leader, and Australia's engineering firm Worley are collaborating to explore opportunities in the liquefied natural gas (LNG) sector, driven by increasing global LNG demand, as reported by Offshore Energy.

Offshore Energy

Seatrade Maritime

market May 14, 2026

Gulf Closure Boosts Dry Bulk Market Amid Supply Constraints

Seatrade Maritime reports that the closure of the Gulf has disrupted the trade of iron ore, iron pellets, and fertilizers, leading to increased tonne-mile demand in the dry bulk market. The ongoing conflict in the region is contributing to these supply constraints and longer shipping routes.

Seatrade Maritime

market May 14, 2026

Global Market Shifts Challenge Fossil Fuel Demand Projections

Seatrade Maritime highlights the impact of structural changes on global markets, potentially leading to outdated demand projections and stranded maritime assets. These shifts could significantly affect the fossil fuel sector, as reported by Seatrade Maritime.

Seatrade Maritime

Splash247

market May 14, 2026

Top Shipmanager CEO to Speak at Splash Singapore Summit

Bjorn Hojgaard, CEO of Anglo-Eastern Univan Group, is set to speak at the upcoming Splash Singapore event, which is quickly becoming a leading shipowner summit in Asia, as reported by Splash247. Hojgaard will address key industry issues at the event organized by the team behind Geneva Dry.

Splash247