Market Commentary30 Oct 2026
Capesize rally extends as Simandou volumes reshape Atlantic tonne-miles
West Africa bauxite and new iron ore flows are tightening Atlantic Capesize supply into Q4.
Intelligence
Market insights & regulatory updates
Commentary from our desks on freight, asset values and the regulations reshaping commercial terms.
Regulation24 Oct 2026
EU ETS at 100%: what owners must pass through to charterers from January
Phase-in completes in 2026 reporting. BIMCO ETS clause negotiation is now a commercial priority.
Regulation17 Oct 2026
FuelEU Maritime pooling: an early read on compliance surplus pricing
Pooling markets are forming. We assess indicative values and counterparty structures.
Market Commentary10 Oct 2026
VLGC earnings hold firm on US Gulf export capacity
New terminal capacity supports a constructive outlook for long-haul LPG employment.
Regulation02 Oct 2026
IMO CII ratings: managing D and E rated tonnage in time charter portfolios
Practical clause language and operational levers for CII-exposed charter parties.
S&P25 Sep 2026
Secondhand values: 10-year-old Kamsarmax pricing against newbuild parity
Asset play dynamics as newbuilding prices stay elevated and delivery slots extend to 2029.
EU ETS
100% of 2026 emissions surrendered; ETS clauses now standard in TC.
FuelEU Maritime
GHG intensity −2% from 2025; pooling and penalties in force.
IMO CII / EEXI
Annual ratings tighten each year; D/E ships need corrective plans.