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A miniature sailing ship inside a glass bottle, reflected on a dark surface, photographed in vintage black-and-white style

Decks and Deals Weekly #32

During the week of 15–21 February 2026, global shipping was reshaped by Hapag-Lloyd’s $4.2bn ZIM bid, Hormuz tensions, surging tanker rates, container overcapacity, Ukrainian port strikes, and bold Greek newbuilding orders

Ultramax bulk carrier with red hatch covers and deck cranes sailing at speed through open ocean waters

Ultramax & Handysize market dispatch: Navigating global currents

Global Ultramax and Handysize markets navigated mixed momentum during the week ending February 20, 2026, as regional corrections, seasonal slowdowns, and shifting tonnage balances shaped freight rate direction across key Atlantic and Pacific basins

Aerial view of large container ships under construction at a major Asian shipyard, with cranes, dry docks, and multiple vessels visible

The 2026 global shipping outlook: A perfectly engineered glut

The global shipping outlook for 2026 is a masterclass in self-sabotage. After years of record profits, the industry has enthusiastically ordered enough new ships to guarantee a spectacular collapse in freight rates, creating chaos

Large dry bulk carrier with red and black hull sailing steadily in open blue sea under clear skies, viewed from an elevated angle

Ultramax & Handy market: Riding the waves before they break

A market entering February with quiet strength, based on data from the week ending 30 January 2026, as Ultramax and Handy segments show resilience, disciplined positioning, and measured upside potential across key basins