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PANAMA CANAL

A geared dry bulk vessel sailing through deep blue waters under clear skies, viewed from above at sea

Tight tonnage, shifting trade flows and a market in transition

Why the Ultramax and Handysize segments are quietly becoming the most strategic space in dry bulk shipping during the week ending 22 May 2026, as disruption, positioning and regional fragmentation increasingly reshape freight market behaviour

Black-and-white photograph of a decaying wooden boat with graffiti, partially submerged near a quiet shoreline under cloudy skies

Decks and Deals Weekly #40

The period 20–25 April 2026 produced the most intense maritime standoff since the tanker wars of the 1980s: the Hormuz blockade turned fully kinetic, Brent crossed $100, and six vessels were seized

Container ship navigating rough seas at dusk under dark clouds, with waves and low light creating a tense maritime atmosphere

The end of free navigation

From the pandemic to the Black Sea, the Red Sea, and now the Strait of Hormuz, the sea is no longer the stable space of circulation that global trade once took for granted

Black and white photograph of a small wooden boat carrying two silhouetted figures crossing a vast, calm sea under a featureless overcast sky

Decks and Deals Weekly #33

From February 22 to 28, 2026, the global shipping market absorbed three simultaneous shocks: a US-Israeli strike on Iran closed Hormuz, Panama ejected Hutchison, and container rates logged their seventh straight weekly decline

Rocky shoreline with strong waves under a dramatic, cloud-filled sky at sunset, conveying a dynamic and unsettled seascape

Decks and Deals Weekly #29

Between 25–31 January 2026, global shipping trends revealed an industry under pressure, as freight rates softened, carrier earnings deteriorated, fleet expansion accelerated, and geopolitical uncertainty reshaped routing, risk pricing, and strategic decision-making across liner markets

A red bench on a pier with waves crashing behind it under a cloudy sky, symbolizing turbulence and uncertainty

Decks and Deals Weekly #11

Global shipping markets endured another week of volatility between September 20–27, as UNCTAD delivered sobering forecasts, Chinese shipyards defied US sanctions, and container rates plummeted ahead of Golden Week holidays

Political cartoon from the late 19th century depicting Uncle Sam as a rooster enforcing the Monroe Doctrine, keeping European powers (shown as chickens labeled “European Coop”) away from Latin American nations, portrayed as other chickens labeled with country names like Brazil, Venezuela, and Colombia

Monroe Doctrine reloaded

Washington revives its old neighborhood doctrine, casting China as a threat while Latin America weighs the costs of old alliances