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Minimalist editorial world map showing evolving global crude shipping routes, with stronger maritime flows from Russia and the Atlantic Basin and weaker routes from parts of the Middle East, plus a small VLCC on calm water against a cream textured background

The geography of oil is changing — and so is global shipping

The SeaNation team presents the latest analysis from Xclusiv Shipbrokers, Inc., highlighting how shifting crude export origins, rather than volumes alone, are reshaping tanker demand, tonne-mile utilisation and global shipping markets

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

A minimalist editorial image showing a vintage balance scale on a white surface. One side holds distinct piles of nickel ore, bauxite, soybeans, wheat and clinker, while the other supports an abstract metallic dry bulk vessel. The scale tilts slightly toward the vessel side. Soft natural light, clean background and Monocle-style composition

The dry bulk rally is no longer just about iron ore

Stronger freight earnings, diversified commodity demand and rising vessel utilisation have pushed dry bulk asset values sharply higher, reinforcing buyer confidence and supporting secondhand prices across virtually all vessel segments

Close-up of a heavily weathered steel ship hull with extensive corrosion, peeling surfaces, riveted plates and jagged openings

Decks and Deals Weekly #46

The Strait of Hormuz reopened and then closed again this week as the United States and Iran signed a peace deal, while global shipping markets repriced freight, bunkers and sentiment, 14–20 June 2026