market News - VesselAPI

market February 26, 2026

VLCC Market Hits Record Highs in Supertanker Anniversary Year

The VLCC markets have reached unprecedented levels as the industry marks the 60th anniversary of the launch of the Idemitsu Maru, according to Splash247. This milestone coincides with the upcoming Year of the Fire Horse, a significant period in Chinese culture symbolizing renewal.

Idemitsu Maru

Splash247

Seatrade Maritime

market February 26, 2026

Seatrium's Profits Surge Amid Plans to Return Admiralty Yard

Seatrium's profits have doubled, and the company plans to return its Admiralty Yard to the authorities by 2028, as reported by Seatrade Maritime. This strategic move is part of Seatrium's broader divestment plans.

Seatrade Maritime

Splash247

market February 26, 2026

d’Amico Expands Charter Coverage with New Tanker Deals

d’Amico International Shipping has enhanced its charter coverage by securing new contracts and extensions for several vessels at profitable rates, as reported by Splash247. The company's operating arm, d’Amico Tankers, has been active in finalizing these agreements since the beginning of the year.

Splash247

market February 26, 2026

Geneva Dry Conference Attracts Industry Leaders with New Panelists

The upcoming Geneva Dry conference is gaining attention in the dry bulk industry with its impressive lineup of speakers, including Angad Banga, CEO of Hong Kong's Caravel Group, as reported by Splash247. The event is noted for its rapid ticket sales as the two-month countdown begins.

Splash247

gCaptain

market February 25, 2026

West Coast Ports Remain Resilient Amid Trade Uncertainty

Despite experiencing double-digit declines in January cargo volumes, the nation's two busiest container ports maintain their ground, as reported by gCaptain. Industry leaders attribute the dip to comparisons with historic highs rather than structural issues, even as Supreme Court interventions and tariff policy changes add uncertainty to trans-Pacific trade.

gCaptain

market February 25, 2026

Moody's: Supreme Court Tariff Ruling May Temporarily Boost U.S. Port Volumes

The Supreme Court's recent decision to overturn extensive tariffs imposed under emergency powers might temporarily increase U.S. port volumes, as reported by gCaptain. However, Moody's suggests this boost could be short-lived due to ongoing trade policy uncertainty.

gCaptain

market February 25, 2026

Bahri Charters Supertankers Amid Soaring Rates

Saudi Arabia's National Shipping Co. (Bahri) has provisionally chartered at least five supertankers as freight rates near $200,000 per day, marking the highest levels since 2020, gCaptain reports. This move indicates an increase in Saudi crude exports to Asia amidst geopolitical tensions in the Strait of Hormuz.

gCaptain

Seatrade Maritime

market February 25, 2026

Zim's Premium Price Explained by Long-term Charters

Seatrade Maritime reports that long-term charters may be a factor in the premium price Hapag-Lloyd is paying for the Israeli carrier, Zim. Alphaliner offers insights into the industry's debate over whether the price is justified.

Seatrade Maritime

Offshore Energy

market February 25, 2026

Technip Energies JV Secures Major LNG Deal with QatarEnergy

Technip Energies, leading a joint venture with Consolidated Contractors Company, has secured a significant LNG contract with QatarEnergy, as reported by Offshore Energy. This development marks a major milestone for the partnership.

Offshore Energy

gCaptain

market February 25, 2026

Australia Sends LNG to Canada Amid Asia Demand Drop

Australia is transporting LNG to Canada, covering a distance of 16,000 miles, as demand in Asia declines, according to gCaptain. This shift highlights changes in global LNG trade patterns.

gCaptain