Hunter VLCC hire bill reaches $55m amid payment dispute
Hunter's VLCC charter dispute escalates to $55m as the charterer refuses to pay the outstanding hire bill.
Top stories
Venergy confirms two Suezmax tanker options at Hengli
Venergy Maritime firms two Suezmax newbuild options at Hengli Shipbuilding, contributing to an orderbook of 30 vessels.
HMM secures $3.5bn iron ore deal with Vale for eight vessels
HMM signs a long-term shipping contract with Vale for iron ore transport, locking in a $3.5bn deal for eight Newcastlemax bulkers.
Panama Canal postpones Neopanamax draft cut amid water concerns
The Panama Canal delays the planned draft cut for Neopanamax locks, addressing ongoing water supply issues.
- Shipping TelegraphPanama Canal postpones October Neopanamax draft cut – for now
Capesize rates reach highest levels since 2021 at $54,791/day
Capesize market surges to its highest earnings in nearly five years, with rates hitting $54,791 per day amid strong demand.
Leonhardt & Blumberg orders two more tanker newbuildings in China
Leonhardt & Blumberg orders two new tanker vessels in China.
Himalaya Shipping banks premium on newcastlemax bulkers and hikes dividend
Himalaya Shipping increases dividend after securing newcastlemax bulkers.
Iranian state shipowner stacks flotilla of tankers off Sri Lanka as Gulf conflict intensifies
Iranian state shipowner positions tankers off Sri Lanka amid Gulf tensions.
Pacific Basin sells supramax to Chinese buyers as smaller bulker values surge
Pacific Basin sells supramax to Chinese buyers amid rising bulker values.
Turkish shipowner Besiktas resumes tanker acquisitions with $35m buy
Besiktas resumes tanker acquisitions with a $35m purchase.
Dynagas LNG Partners flags up trips on EU exemptions for Russian trading LNG duo
Dynagas LNG Partners highlights EU exemptions for Russian LNG trading.
Kourtesis family-backed shipping fund completes its first investment
Kourtesis family-backed shipping fund completes its first investment.
The Week in Newbuildings
Updates on newbuilding orders in the dry bulk sector.
Ports & Logistics
Discussion on ports and logistics operations.
Tankers & Gas
Overview of the tanker and gas markets.
Red Sea Risk
Increased risks in the Red Sea affect tanker routes.
Strait of Hormuz crisis
Crisis in the Strait of Hormuz impacts tanker operations.
Iron ore portside prices reported at Huanghua and Tianjin ports
Iron ore portside prices are reported at Huanghua and Tianjin ports on September 8, 2026, reflecting current market conditions.
HRC prices expected to remain high despite weak fundamentals
HRC prices are projected to stay elevated in the short term, despite indications of weak market fundamentals.
Russia's Arctic LNG 2 Seeks $1 Billion in Damages From South Korea's Hanwha
Arctic LNG 2 seeks $1 billion in damages from Hanwha over canceled contracts.
Saipem wins Turkish FPU commissioning job
Saipem secures Turkish FPU commissioning contract for gas development.
Europe Gas Hits Three-Year High as Traders Race to Fill Storage
European gas prices hit three-year high as traders fill storage ahead of winter.
Eni hands McDermott major Cyprus subsea contract
McDermott wins major subsea contract from Eni for Cyprus gas project.
GSD adds another Japanese bulker newbuild
GSD Marin orders another Japanese bulker for delivery in 2030.
Precious sends fresh ultramax straight to Trafigura
Precious Shipping charters new ultramax to Trafigura for up to 14 months.
Port operational updates from around the world (2 - 8 Sep 2026)
Port operational updates report congestion and delays at various global ports.
Black Sea dry bulk trade weakens significantly during summer
The Black Sea dry bulk trade has entered a notably weaker phase during the summer months due to geopolitical issues.
Water tops daunting in-tray for Panama Canal’s first female administrator
Panama Canal's first female administrator faces water shortage challenges.
Mysteel Iron Ore Index (Sep 08, 2026 19:40)
Mysteel Iron Ore Index reported for September 8, 2026.
UK Recognises India’s Carbon Pricing Scheme for CBAM Relief
UK recognizes India's carbon pricing scheme for steel import relief under CBAM.
Maintenance Increases Suppress Rigid Demand for Iron Ore; Ore Prices Remain Strong Under Sentiment Dominance [SMM Iron Ore Daily Review]
Iron ore prices remain strong despite subdued demand and maintenance impacts.
Imported iron ore prices: China's major cities (Sep 08, 2026 18:16)
Imported iron ore prices reported in China's major cities on September 8, 2026.
[SMM HRC Arrivals] Arrivals Mixed WoW This Week
Steel shipments in China show mixed trends with expectations for future increases.
[SMM Steel Export Analysis] August Steel Exports Edged Up; Order Recovery Underpins Further Gains in September
China's steel exports rose slightly in August, supported by recovering orders.
FLASH: China LNG price 2026.09.08
China LNG price rises by 136 yuan/tonne to 6,329 yuan/tonne.
[SMM Rebar Daily Review] Fundamentals Continue to Improve, Building Materials Prices More Likely to Rise Than Fall
Construction steel prices are likely to rise due to improved fundamentals and demand.
Winter natural gas pricing logic shifts from temperature to supply-side dynamics in China
Winter natural gas pricing in China shifts to supply-side dynamics.
FLASH: China heavy-traffic bitumen wholesale prices 2026.09.08
Heavy-traffic bitumen prices in China rise by 60 yuan/tonne to 5,540 yuan/tonne.
Baltic Dry Index climbs to 3584 up 9 points
Baltic Dry Index rises to 3584, up 9 points.
Nord Gas Solutions to Supply LPG Fuel Supply System for Two Ships
Nord Gas Solutions to supply LPG fuel system for two new gas carriers.
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Newest
- Tue Sep 8
- Leonhardt & Blumberg orders two more tanker newbuildings in China
- Hunter VLCC hire bill reaches $55m amid payment dispute
- Himalaya Shipping banks premium on newcastlemax bulkers and hikes dividend
- Iranian state shipowner stacks flotilla of tankers off Sri Lanka as Gulf conflict intensifies
- Pacific Basin sells supramax to Chinese buyers as smaller bulker values surge
- Turkish shipowner Besiktas resumes tanker acquisitions with $35m buy
- Dynagas LNG Partners flags up trips on EU exemptions for Russian trading LNG duo
- Kourtesis family-backed shipping fund completes its first investment
- The Week in Newbuildings
- Ports & Logistics
- Tankers & Gas
- Red Sea Risk
- Strait of Hormuz crisis
- Russia's Arctic LNG 2 Seeks $1 Billion in Damages From South Korea's Hanwha
- Port operational updates from around the world (2 - 8 Sep 2026)
- Baltic Dry Index climbs to 3584 up 9 points
- Mysteel Iron Ore Index (Sep 08, 2026 19:40)
- Saipem wins Turkish FPU commissioning job
- UK Recognises India’s Carbon Pricing Scheme for CBAM Relief
- Europe Gas Hits Three-Year High as Traders Race to Fill Storage
- Eni hands McDermott major Cyprus subsea contract
- GSD adds another Japanese bulker newbuild
- Venergy confirms two Suezmax tanker options at Hengli
- OPINION | Pain ahead for Europe as Iran war drives gas prices higher at critical juncture
- Iron ore portside prices reported at Huanghua and Tianjin ports
- Maintenance Increases Suppress Rigid Demand for Iron Ore; Ore Prices Remain Strong Under Sentiment Dominance [SMM Iron Ore Daily Review]
- Imported iron ore prices: China's major cities (Sep 08, 2026 18:16)
- [SMM HRC Arrivals] Arrivals Mixed WoW This Week
- BHP, Port Hedland unions end talks with no deal as dispute drags on
- HMM secures $3.5bn iron ore deal with Vale for eight vessels
- Kuwait Petroleum sets sights on expanding its own tanker fleet
- China crude imports rebound in August, but still down year-on-year
- SAAM Towage adds 72-tonne tug as Colombia LNG demand grows
- Iran threat casts chill over Strait of Hormuz shipping lanes
- MMI Daily Iron Ore Index Report September 8 2026
- LNG shipping stocks: New highs, narrow breadth
- Odfjell: Rate jump in 2Q resulted in a significant beat
- Japan Allocates 1.8 Trillion Won in Subsidies to Revive Shipbuilding Industry
- Gasum opens new biogas filling station in the Port of Trondheim, Norway
- Suez Canal Authority explores maritime services, training cooperation with 10 SADC states
- Higher and higher: stronger Asia buying absorbs rising Middle Eastern spot supply
- Wheat Futures Rise as US Peace Efforts Falter
- FEATURE | Why $100 oil remains elusive even as supplies face disruption
- Japan Pledges 1.4 Billion Dollars in First Round Subsidies to Double Shipbuilding Capacity by 2035
- Precious sends fresh ultramax straight to Trafigura
- Agricultural markets
- Breakwave Bi-Weekly Tanker Report - September 8, 2026
- [SMM Steel Export Analysis] August Steel Exports Edged Up; Order Recovery Underpins Further Gains in September
- FLASH: China LNG price 2026.09.08
- [SMM Rebar Daily Review] Fundamentals Continue to Improve, Building Materials Prices More Likely to Rise Than Fall
- Panama Canal chief takes office as drought threatens further transit cuts
- HRC prices expected to remain high despite weak fundamentals
- China portside thermal coal rally loses momentum after mine prices retreat
- Winter natural gas pricing logic shifts from temperature to supply-side dynamics in China
- Asia seaborne thermal coal imports fall 2.2% YoY in Jan-Aug
- FLASH: China heavy-traffic bitumen wholesale prices 2026.09.08
- Shipping powers warn global maritime rulebook is breaking down
- China's mine-mouth thermal coal prices retreat as buyers avoid high offers
- Water tops daunting in-tray for Panama Canal’s first female administrator
- China's coking coal underpinned by supply caps, start of another coke price increase
- Panama Canal postpones Neopanamax draft cut amid water concerns
- Shipping TelegraphPanama Canal postpones October Neopanamax draft cut – for now
- Capesize rates reach highest levels since 2021 at $54,791/day
- Nord Gas Solutions to Supply LPG Fuel Supply System for Two Ships
- Schoeller Returns to Chengxi for Four More MRs as China Gains Ground on Korea
- Seven OPEC+ Members Keep October Oil Output Unchanged
- Turkish Bunker Association Announces 10th Istanbul Bunker Conference for 2027
- Chinese Domestic Coking Coal Auctions on Sep 08, 2026
- Admiral Makarov Catches Fire for Second Time in Two Years During Overhaul at St. Petersburg Shipyard
- China‘s Dajin Builds Its Own Fleet as Shipbuilding Orderbook Reaches RMB 12 Billion
- GSD Holding Orders 40,300 DWT Handysize Bulker from NSY Group
- U.S. Central Command Reveals Drone-Boat Presence Inside Iranian Waters
- Zhoushan Xinqi Heavy Industry Completes Sea Trials for 13,800 DWT Duplex Stainless Steel Chemical Tanker
- H-Line Ends Five-Year Bulker Ordering Hiatus With POSCO-Linked LNG Pair at New Times
- The New Battleground in Container Shipping: Why Maersk, MSC, Hapag-Lloyd, CMA CGM and COSCO Are Investing in Ports
- Mon Sep 7
- IMO’s Net-Zero Framework heads for December as states still divided
- Shipowners and C-suite exec optimistic over their company’s prospects
- Adani Mundra Port Sets New Cargo Handling Records
- Alternative-fuel vessel orders reach highest month since October 2024
- SAL Heavy Lift orders five more 14,600 DWT mpp heavy lift vessels at Wuhu
- New Panama Canal Chief Takes Office With Water, Expansion Projects in Focus
- Freight Market Report 08/09-2026 Presented By IC Shipbrokers
- Goldman, Rystad See Room for $120 Oil if U.S.-Iran Conflict Continues
- Kongsberg Maritime Enters Agreement to Acquire Steerprop
- CMA CGM and CCCC Forge Partnership on Ports and Logistics
- Potential U.S. Bidder Emerges to Challenge Hanwha for Austal USA
- Tropical Shipping Updates Freight Charges for Belize, Puerto Rico
- China Conducts First Green Methanol Bunkering of Ocean-Going Bulker
- Oil reaches six-week high amid Iranian threats to energy sites
- US energy interests in Persian Gulf are targets in latest Iran threat
- Five-year wait for Panama Canal water fix as transit limits loom
- Ukraine's alternative grain route clogs with 80 ships stuck in line
- UAE rejects being held "hostage" in escalating US-Iran war
- Yemen Coast Guard Stops Tanker After Delivery to Houthi-Controlled Port
- EU launches maritime alliance to channel investment into European shipbuilding
- Cargo Flow Is the Real Financial Risk for Ports
- Geopolitical risk disconnects VLCC freight from demand
- Russian Military Cargo Vessel Attacked in the Mediterranean
- Russia Launches Massive Vostok Oil Project, Marking New Arctic Shipping Era
- VLCC Resale Talk Hits $200m as Prompt Tonnage Commands a Record Premium
- China Expands Patrols of Taiwan’s Pacific Coast, Raising Maritime Tensions
- Iran Says to Announce New Restricted Zone in the Gulf in the Coming Days
- EU Pauses Saipem Subsea7 Merger Investigation Over Missing Information
- The 65 Billion Barrel Deal
- Subsea7 Wins Who Dat East Offshore Project in US Gulf of Mexico
- CIMC Achieves Milestone with Delivery of World First All Electric FPSO Hull P-84 to Petrobras
- September Gets Off to a Strong Start and the Dry Bulk Market Gains Momentum
- The Tide Turns: A Firmer Sea for Ultramax & Handysize
- Odfjell Orders eSAILs for Second Chemical Tanker in Repeat Deal with bound4blue
- Hormuz Traffic Dips To Lowest Since May After US, Iranian Strikes On Ships
- US says it disabled 3 IRGC-linked oil tankers after Iranian attacks on navy warships
- Scorpio Tankers inks three-year charter-out deals for three vessels
- Dorian clinches $345m newbuild deal for VLGC trio with Hanwha Ocean
- Sun Sep 6
- US Energy Chief Says Navy To Defend Hormuz Until Iran Backs Down
- India and Germany Sign MoU to Strengthen Maritime Cooperation and Trade
- Iran, US Trade Tit-for-Tat Tanker Attacks As War Drags On
- Sat Sep 5
- QMW and CPOE Qingdao Sign QatarEnergy LNG NFW Jacket Fabrication Project
- Fri Sep 4
- Coal, Coal, Coal
- Hormuz 2027: Reopening or Prolonged Disruption?
- [SMM Tungsten Analysis] Global Tungsten Market's Quintuple Dilemma: Smelting Capacity Bottleneck at the Core
- Iron Ore Prices Recover as Seaborne Volumes Lose Momentum
- Cosco signs orders for 18 new containerships in near $3bn deal
- Chinese Hydrogen Energy Industry: Financial Results Reveal Loss‑Driven Transition Toward Pragmatic Deployment
- [SMM Analysis] Europe Seeks Lithium Supply Chain Independence, Yet Its Projects Attract Asian Investors
- Thu Sep 3
- Port strikes hit Europe as schedule reliability drops to single digits
- Stakeholder standoff over empties sparks congestion risk at India’s Mundra Port
- Soaring coal prices halt magnesium market stalemate, but meaningful recovery unlikely until inventories are digested
- Metals struggle as economic growth concerns mount
- [SMM Analysis] China Is No Longer Exporting Just Steel to Southeast Asia
- Record Decline in Chinese Thermal Coal Stockpiles
- Wison New Energies Cuts First Steel for Baleine Phase 3 FPSO
- [SMM Analysis] EU Melt-and-Pour Rules Arrive: Carbon-Steel Supply Chain Faces a Once-in-a-Generation Reshuffle
- Wed Sep 2
- Ocean carriers skipping Panama Canal, China ports as delays mount
- Yang Ming inks $1.2 billion newbuild deal for six 13,000-TEU LNG ships
- EPCs ride wave of global energy project boom to boost work backlog
- Tanker 1H 2026: Strong VLCC Earnings Drive Newbuilding and Secondhand Investment
- Black Sea dry bulk trade weakens significantly during summer
- Tue Sep 1
- Brazil enters the second half of 2026 at an interesting crossroads
- Breakwave Bi-Weekly Dry Bulk Report - September 1, 2026
- Mon Aug 31
- Ports America adds Jones Act cargo handling at Jaxport
- Shippers see fresh disruption from China as new typhoon again closes key ports
- Why Handysize Matters : Diversified Trades Limited Supply and Revised Valuations
- No Margin for Error
- Fri Aug 28
- Prince Rupert’s big bulk-to-container transload facility debuts
- Charleston looks to deepen remaining stretches of shipping channel
- Mon Aug 24
- VLCC Buying Reshapes the Tanker Market in 2026
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