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Editorial illustration blending global market data and trade networks into a chessboard with opposing pieces on a muted cream background

When power prevails over economics

Economic interdependence was supposed to restrain geopolitical rivalry. Instead, power is reshaping globalization, turning trade, technology, infrastructure, and supply chains into instruments of strategic competition

A weathered ship hull rests alone on a barren shoreline beneath sweeping high-altitude clouds stretching across a vast blue sky

Decks and Deals Weekly #48

The period of 29 June–4 July 2026 opened with Iran replacing drones with invoices, closed with France and the UK deploying warships, and delivered a $1.47 billion VLCC orderbook bet in between.

Low-angle view of a large commercial vessel’s bow cutting through rough seas beneath heavy clouds, with waves crashing against the hull

Decks and Deals Weekly #47

The week of 21–28 June 2026 delivered a drone strike on a trapped Evergreen vessel, a 39% VLCC rate collapse, container shipping’s third-largest spike in history, and a ceasefire that kept shooting

Minimalist airport-style waiting area with four seats labelled Cape, Kamsarmax, Ultramax and Handy, a fallen Panamax plaque on the floor, large windows overlooking a darkening horizon, and a newspaper resting on a nearby table

Calm before the storm: dry bulk market holds its breath

During the week ending 19 June 2026, dry bulk freight markets remained largely stable as owners and charterers waited for greater clarity on the evolving Iran–U.S. agreement, with Panamaxes providing the market’s main source of volatility

Aerial editorial-style image of a vast logistics and infrastructure landscape combining ports, rail networks, energy facilities, warehouses, and cargo aviation infrastructure. At the center lies a large unfinished blueprint-like void marked by faint planning lines, surrounded by interconnected systems rendered in muted grey and steel-blue tones

When these wars end…

The wars in Ukraine and the Middle East are accelerating a historic redistribution of power, ensuring that the world emerging from these conflicts will look nothing like the one we know today