Arctic: Shipping Daily - Tankers, LPG, CAPT, Dry bulk, Values, NAVs

Research evidence excerpt

Arctic: Shipping Daily - Tankers, LPG, CAPT, Dry bulk, Values, NAVs

Shipping Daily

15 June 2026 | 14:18

Tankers, LPG, CAPT, Dry bulk, Values, NAVs

● Tankers: Volume rebound set to move the market higher

● LPG: More mixed for VLGCs in the short term we believe

● CAPT: Buying 3x VLCC newbuilds from Marinakis at a very good price

● Dry bulk: Potential strike in Port Hedland

● Values: Dry bulk lifted, tankers kept flat

● NAVs: Dry bulk NAVs lifted

Tankers: Volume rebound set to move the market higher

Crude prices are sharply lower Monday morning after President Trump said the US and Iran had

agreed to extend the current ceasefire by 60 days and start the work to reopen Hormuz. While

an extension of the ceasefire and progress towards reopening Hormuz is much welcome news, it

should be clear that this is an interim deal between two parties who do not trust each other and have

plenty of hard work left before on can speak of "peace". The stock and oil market is however forward

looking, and seems to believe that we are now finally moving towards an end here. Terms are not

known, but there is speculation that Iran would see assets unfrozen and sanctions on oil sales

(likely including LPG) lifted. Putting Trump's optimistic tones -"ships, start your engines" aside - the

reopening process of Hormuz holds the key to how quickly the oil market can regain some balance.

The IEA's timeline on "weeks" to clear the strait of mines and declare it "safe passage" may or may

not be correct. Equally, the logistical puzzle that follows with the need to clear a backlog of several

hundred ships is also unclear. The US will of course be loathed to approve Iran's newly established

Persian Gulf Strait Authority (PGSA). Certainly, all but the most risk willing owners will want more