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Black-and-white photograph taken from inside a ferry or vessel cabin, showing a cargo ship crossing calm waters near a distant shoreline

Decks and Deals Weekly #42

Between 3 and 9 May 2026, global shipping markets digested a hardening Hormuz blockade, the Ocean Koi seizure, US-Iran live-fire exchanges, an Israeli counter-bid for ZIM, and a BDI rally through 3,000

High-tech maritime control room displaying dense shipping traffic around the Cape of Good Hope, with Suez Canal activity shown as secondary data

Cape of Good Hope: the detour that became a doctrine

Three years after Houthi missiles drove the world’s container fleets southward, the Cape of Good Hope has graduated from emergency detour to default corridor. Brussels has yet to grasp the consequences

Pilot boat, tug, and buoy in a quiet Suez Canal scene with no passing ships and empty waterway stretching ahead

The Suez Canal recovery that never arrived

The Suez Canal recovery should be in full swing. The Houthis stopped attacking ships in November. War risk premiums collapsed. Yet container traffic remains 60% below 2023 levels

Large bulk carrier vessel sailing on open water under a partly cloudy sky, viewed from a low angle near the bow

The freight market moved with marginal fluctuations

The freight market showed marginal fluctuations across all vessel segments during the week that ended on May 1, 2026, with limited momentum despite regional variations and mixed supply-demand dynamics

Close-up of a ship’s winch with steel cable and rope, showing worn metal, rust, and industrial maritime equipment on deck

Decks and Deals Weekly #41

Between 26 April and 2 May 2026, global shipping markets confronted a hardening Hormuz blockade, MEPC 84 talks in London, the UAE’s surprise exit from OPEC+, and Hapag-Lloyd’s shareholder-cleared takeover bid for ZIM

Black-and-white photograph of a decaying wooden boat with graffiti, partially submerged near a quiet shoreline under cloudy skies

Decks and Deals Weekly #40

The period 20–25 April 2026 produced the most intense maritime standoff since the tanker wars of the 1980s: the Hormuz blockade turned fully kinetic, Brent crossed $100, and six vessels were seized