Shipping Daily-05/26/2026

Research evidence excerpt

Shipping Daily-05/26/2026

Shipping Daily

26 MAY 2026

• Spot rates: A little life in the Atlantic again on Friday, but aside from that Average of key routes: YesterdayECO - no scrubberchange % Non-ECOYesterday- nochangescrubber% Scrubberpremium

the story is relatively unchanged with sliding spot rates across segments VLCC (TD3_C) USD/day $395 500 -1.2% $387 800 -1.2% $2 000

and regions. We are reportedly closer to a Iran – US deal, with Hormuz- VLCCSuezmax(TD22)(TD20) " $109$73 600500 -10.9%9.3% $101$69 400800 -11.5%10.1% $2$1 000250

flows also increasing somewhat recently. Drybulk with better end than AframaxLR2 "" $114$57 800500 -1.2%0.9% $109$48 600600 -1.4%0.9% $800$800

beginning to last week, and capesizes have stabilized (FFAs slightly LR1 " $101 000 0.4% $95 700 0.5% $600

higher this morning). VLGCs still showing nothing but strength. MRMR (West)(East) " $42$37 700000 -1.3%-0.3% $37$31 400700 -1.5%-0.4% $500$500

• Limited activity yesterday with US markets closed for Memorial Day and MarketBrent oilindicators:price Last 6 days USD/bbl Last$98.1price 1-day2.1%ch. Week$111.3ago 1-week-11.8%ch. 1-month-9.3% ch.

much of Europe off for Pentecost. US futures higher while Asian markets WTI oil price " $91.8 -5.0% $108.7 -15.6% -4.8%

are mixed this morning. Plenty of action between US and Iran during the USOil importcrude oildataimports Last 6 months mill.boe/day Last5.8data Month6.5 ago 1-month-10.9%ch. Year5.5ago 1-yr4.6%ch.

last couple of days, with a peace deal seemingly edging closer. Brent fell China crude oil imports " 9.4 11.8 -20.5% 11.7 -20.0%

~$10/bbl yesterday but higher again this morning ($95/bbl) after attacks OPEC oil production Last " 20.6 1-day21.0 -2.0% 1-week27.3 1-month-24.8%

from the US on Iranian targets in SoH.