December 15, 2025 Containership markets continued to capitalize on geopolitical turmoil in 2025. Despite the ongoing trade wars, containerized trade volumes gained significant ground. Charter rates and second-hand prices moved higher. Liner operators enjoyed another year of strong profits, although liner earnings were markedly lower than the year before. In November, leading carriers warned of likely losses in 25Q4 and in 26Q1. Will containership charter rates and vessel pric

Capes above $40,000/day — what’s behind the breakout? In the latest episode of The Marsoft Beat , Kevin Hazel  sits down with Ryan Uljua  to unpack the remarkable rally in the largest dry bulk segment. They cover:   ⚓ Brazilian long-haul iron ore strength 🌍 West Africa’s rising iron ore role...even before Simandou ramps up 🇨🇳 China’s “steel production down, iron ore imports up” paradox 📈 How 2025 has tracked along Marsoft’s early-year "High Case" scenario 🚢 Our latest re

December 5, 2025 By Megan Kennedy Spot rates for conventional VLGCs have started the last month of 2025 averaging more than 30% higher than rates in December of 2024. So far this month, VLGC rates have topped over $60,000 per day, and for Q4-to-date, conventional rates are averaging roughly $57,000 per day – some 40% higher than the same quarter last year.   The fourth quarter is typically a lower-demand period for VLGCs, whereby Asian demand falls back after its Q3 seasonal

VLCC spot rates have surged past $120,000/day, driven by OPEC supply, sanctions enforcement, and a sharp rise in oil on the water. In this episode of The Marsoft Beat, Ryan Uljua speaks with Marsoft Senior VP John Moulopoulos to break down what’s behind the spike and how long it’s likely to last. Drawing on Marsoft’s recent 25Q4 Tanker Market Report, they discuss the temporary drivers lifting earnings today, the impact of Red Sea normalization on tonne-mile demand, accelerati

Marsoft’s Dry Bulk market outlook for the remainder of the year is cautiously optimistic: improved grains trade prospects, steadier iron ore imports, and the recent seasonal rebound in Asian coal flows have prompted modest upward revisions to our base case relative to last August. Looking at 2026 however, China’s slowing import demand, firm fleet growth throughout the year and the expected Red Sea normalisation in 26H2 point to a gradually softening balance throughout 2026, w

Our team will shed light on the impact of all the pressing matters and uncertainty shipping is facing today: Red Sea diversions , OPEC ...

After peaking in the 2020/21 crop year at 580 million tonnes, the grain trade has now fallen over the past two years. The latest figures...

Our 23Q1 Containership report is out now. Below, Costas Bardjis reflects on some of the key points from the report. Following two years...

LNGC spot rates saw spectacular gains in October and November, with rates skyrocketing to more than $400,000 per day, before falling...