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Minimalist maritime scene showing calm open water with aligned navigation buoys under hazy daylight and no vessels in transit

Fleets change routes, insurers cut cover and war risk premiums surge

Shipping companies, insurers and energy traders are already changing operational behaviour as Middle East tensions disrupt routes, tighten insurance conditions and increase costs across the global maritime system, particularly around the Strait of Hormuz and the Red Sea

Black-and-white photograph of a small floating structure alone on calm water beneath a vast, cloud-filled sky, emphasizing isolation and stillness

Decks and Deals Weekly #27

From January 11–17, 2026, the global shipping market priced in fragile calm while bracing for conflict, as Maersk returned to the Red Sea amid rising geopolitical risk and swelling orderbooks

A weathered red wooden boat bow resting in shallow water by a sandy shore, with rocky coastline and blue sky behind

Decks and Deals Weekly #24

The week before Christmas offered few miracles but plenty of action. Container rates continued their inexplicable climb, the Houthis remained a stubbornly expensive problem, and Greece decided to start building ships again. Just another week in shipping

Black-and-white photograph of waves crashing against wooden pier supports, with foaming water moving forcefully between the pilings

Decks and Deals Weekly #23

The global shipping industry, from December 14–20, 2025, saw container rates spike as geopolitical temperatures rose. Maersk cautiously re-entered the Red Sea, while Ukraine’s drone campaign expanded into the Mediterranean Sea

COSCO Shipping container vessel sailing near a busy Chinese port, symbolising fleet expansion, global trade scale, and strategic ambitions

COSCO’s $7bn fleet gamble: Power play or overcapacity catalyst?

While the world was distracted, COSCO quietly signed a $7 billion deal for 87 new ships. This colossal move isn’t just about adding vessels; it’s a calculated reconstruction of maritime power—one that could reshape global shipping for a decade

A wooden pier extending over calm water with two people standing at the end and a distant ship in the background

Decks and Deals Weekly #18

The global shipping market is sending mixed signals. While container lines brace for a difficult 2026 due to overcapacity, Greek owners are doubling down on LNG, cementing their strategic role in Europe’s energy security

Close-up of coiled blue marine ropes on a ship, evoking strength, endurance, and the constant balance of maritime life

Decks and Deals Weekly #17

MSC hits seven million TEU while Maersk orders $2.3 billion in tonnage. Container rates collapse, tanker markets diverge, and Somali pirates resurface. Global shipping November 2025 delivers drama, deals, and one sobering reality