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Finance & Markets

VLCCs: Freight Boom Reprices the Fleet

The VLCC market has experienced a sharp repricing during 2026, with the most significant acceleration taking place since late July as exceptionally strong freight earnings have fed directly into secondhand values. While prices had already been moving higher earlier in the year, the latest increase has been particularly rapid, reflecting a combination of geopolitical disruption, ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

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When the Levee Breaks

The weakest June for Chinese crude imports in a decade did not cost a single barrel of throughput. Imports fell 41.3% on the year, runs held above 12.4 mb/d, and product exports went up.

Marine insurers lose billions supporting Hormuz energy flows: IUMI

Insurance companies have lost billions to cover war risks for shipping during the ongoing US-Iran conflict to support global energy trades, despite a jump in headline premium rates, according to a…

  • Marine insurers face $2 billion losses from US-Iran conflict coverage.
  • Strait of Hormuz crossings drop to 20 daily, down from over 130.
  • Governments implement measures to support marine insurers in crisis.

WSP U.S. Leadership Announcement

MONTREAL, Sept. 24, 2026 (GLOBE NEWSWIRE) — WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”), one of the world’s leading engineering, science and infrastructure solutions firms, today announces…

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