Between 10 and 16 May 2026, the BDI broke 3,195 mid-week before a Friday correction, MR Atlantic earnings collapsed 60-75%, two more ships were attacked at Hormuz, Hapag-Lloyd swung to a Q1 loss, and Trump landed in Beijing to ask Xi for help reopening the strait that has shaped freight markets for ten weeks
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
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