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FREIGHT MARKETS

LNG carrier transiting the Suez Canal under dark clouds, highlighting geopolitical uncertainty affecting global shipping routes and maritime trade

Shipping held hostage by geopolitical instability

Global shipping remains trapped in a cycle of disruption, as geopolitical tensions increasingly override market fundamentals, reshaping trade routes, fleet utilization and investment decisions across all major maritime sectors

Nothing new under newbuilding

Dry, tanker and gas newbuilding orders have slowed to a crawl in 2025, as sky-high costs, regulatory haze, and disappointing freight returns fuel restraint. Containers, however, continue to dance against gravity