Dry Bulk Shipping: Australian Coal Exports On the Rise, but China’s Share Diminishing
Dry Bulk Shipping: Australian Coal Exports On the Rise, but China’s Share Diminishing
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Dry Bulk Market
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Hellenic Shipping News
09/05/2026
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eaborne coal cargoes from Australia are finding new destinations, as China’s share during the first quarter of 2026 has shrunk. In its latest weekly report, shipbroker Banchero Costa said that “in Jan-Mar 2026, global seaborne coal loadings declined by -1.7% y-o-y to 303.9 mln t (excluding cabotage), based on vessel tracking data from AXS Marine. In Jan-Mar 2026, exports from Indonesia declined by -5.8% y-o-y to 109.9 mln tonnes, whilst from Australia were up by +1.6% y-o-y to 78.0 mln t.
Qatari LNG Tanker Sailing Towards Hormuz Strait

LNG carriers at the Qatari LNG export facility at Ras Laffan. Photo: RasGas
Qatari LNG Tanker Sailing Towards Hormuz Strait
Reuters
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May 9, 2026
May 9 (Reuters) – Qatari LNG tanker Al Kharaitiyat was sailing towards the Strait of Hormuz on Saturday after departing
Qatar’s Ras Laffan
en route to Port Qasim in Pakistan, according to LSEG shipping data.
A successful passage would mark the first transit by a Qatari LNG tanker through the strait since the start of the war on Iran. There was no immediate comment from QatarEnergy.
The LNG is being sold by Qatar to Pakistan –
a mediator in the war
– under a government-to-government deal, according to two people familiar with the matter.
Middle East April bunker fuel demand shifts as Hormuz shipping risks unsettle trade flows
Middle East April bunker fuel demand shifts as Hormuz shipping risks unsettle trade flows
in
International Shipping News
09/05/2026
Bunker fuel demand across key Middle Eastern ports declined in April as the war created uncertainty about ship movement and constrained fuel supply, although activity at some Omani ports recovered gradually, five market participants, including traders and suppliers, told Platts, part of S&P Global Energy, May 6.
Fujairah and Dubai bunkering demand was subdued throughout April as ship movement through the Strait of Hormuz slowed amid a bearish market outlook due to the war, two traders covering Middle East markets said May 6.
“We haven’t seen any demand in April at Fujairah and Jebel Ali ports. The vessels currently roaming in the Strait of Hormuz, as well as those heading to Qatar and Kuwait, are consuming bunker fuel, but apart from that, we are not observing much vessel movement, and inquiries are also not strong,” a Dubai-based trader said May 6.
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Countries Prepare To Evacuate Hantavirus Ship Passengers

A Spanish Civil Guard boat in the port of Granadilla de Abona, where the cruise ship MV Hondius is expected to dock after being affected by a hantavirus outbreak, in Tenerife, Spain, May 9, 2026. REUTERS/Borja Suarez
Countries Prepare To Evacuate Hantavirus Ship Passengers
Reuters
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May 9, 2026
TENERIFE/MADRID, May 9 (Reuters) – Countries prepared to evacuate their citizens from the luxury cruise ship hit by a
deadly strain
of hantavirus that is due to anchor near Tenerife early on Sunday, as health authorities said the risk of the virus spreading was low.
The World Health Organization briefed member states with nationals on board on Saturday on how to manage the process, advising active monitoring of passengers for a 42-day period from the last point of exposure.
“I need you to hear me clearly: this is not another COVID. The current public health risk from hantavirus remains low,” World Health Organization chief Tedros Adhanom Ghebreyesus
wrote in a letter
to the public p
UK Deploys Warship To Middle East For Potential Hormuz Mission

The HMS Dragon during ammunitioning operations at Upper Harbour Ammunitioning Facility (UHAF) in Portsmouth Harbour, March 4, 2026. REUTERS/Carlos Jasso
UK Deploys Warship To Middle East For Potential Hormuz Mission
Reuters
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May 9, 2026
LONDON, May 9 (Reuters) – Britain said on Saturday it was deploying its warship HMS Dragon to the Middle East in preparation for a potential multinational effort to protect shipping in the Strait of Hormuz once conditions allow.
HMS Dragon
, an air defense destroyer, was sent to the Eastern Mediterranean in March, shortly after the start of the Iran war, to help defend Cyprus.
Its relocation to the Middle East follows a move by France to
deploy its carrier strike group
to the southern Red Sea, as the two countries work together on a defensive plan aimed at restoring confidence in the trade route.
“The pre-positioning of HMS Dragon is part of prudent planning that will ensure that the UK is ready, as part of a multinational coalition jointl
GMS Week 19 – BRENT BREAKS, BACKLOG HOLDS
GMS Week 19 – BRENT BREAKS, BACKLOG HOLDS
in
Weekly Demolition Reports
09/05/2026
The Week 18 thesis that the blockade had hardened into a structural reality has been challenged,
though not overturned, by the most consequential diplomatic move since February 28. Brent collapsed from the April 30 high of USD 126.41 to USD 96.73 on May 6, settling near USD 100 by May 7, after Axios reported a one-page MoU transmitted from Washington to Tehran via Pakistan. President Trump suspended “Project Freedom,” the U.S.
Dry Bulk Shipping: Capesize Market Showing Strenght

Dry Bulk Shipping: Capesize Market Showing Strenght
in
Dry Bulk Market
,
International Shipping News
11/05/2026
C
apesize
The market strengthened convincingly over the course of the week, with momentum building steadily from an already active start in the Pacific following the UK bank holiday. Early support came primarily from robust Pacific activity, where the consistent presence of all three major miners on C5, coupled with a healthy flow of East Australian coal tender cargoes, drove rates progressively higher and underpinned increasingly bullish sentiment. This strength gradually filtered into the Atlantic basin, where activity and confidence improved as the week progressed.
Tanker Market: The Switch From Clean to Dirty Tankers Is Intensifying

Tanker Market: The Switch From Clean to Dirty Tankers Is Intensifying
in
Hellenic Shipping News
11/05/2026
A
significant trend is underway in the tanker market, with a switch from clean to dirty tankers underway. In its latest weekly report, shipbroker Gibson said that “clean to dirty switching first gathered pace in the fourth quarter of 2025 with recent geopolitical developments further accelerating dirty ups in recent months. With the outbreak of war paralysing the Middle East Gulf, approximately 2.4mbd of clean products have been removed from the tanker market.
Intra-Asia Container Index Rose for Yet Another Week
Intra-Asia Container Index Rose for Yet Another Week
in
International Shipping News
11/05/2026
Drewry’s Intra-Asia Container Index (IACI), strengthened for the fourth consecutive week to reach $925 per 40ft container.
Drewry’s Intra-Asia Container Index (IACI), a weighted average of weekly spot rates across 18 major trade routes within Asia, strengthened for the fourth consecutive week to reach $925 per 40ft container. On the one hand, rates for Shanghai–Jebel Ali softened somewhat, which may indicate that the market has found its equilibrium amid the conflict, while on the other, rates from Shanghai to North, South and Southeast Asia have been rising, indicating space on these markets remains tight.
Drewry’s Intra-Asia Container Index (IACI) reports actual spot container freight rates for major intra-Asia trade routes. The Index, which will be updated weekly (from 02 Jan 26), consists of 18 route-specific indices representing individual shipping routes and a composite index.
First Qatar LNG Shipment Moves Through Hormuz Since War Started

LNG Tanker at the North Field, which lies north-east off the Qatar peninsula, is the biggest natural gasfield in the world. Image Via Qatargas
First Qatar LNG Shipment Moves Through Hormuz Since War Started
Bloomberg
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May 10, 2026
By Stephen Stapczynski and Weilun Soon (Bloomberg) A
tanker carrying liquefied natural gas from Qatar
appears to have transited the Strait of Hormuz, marking the country’s first export out of the region since the Iran war began.
The Al Kharaitiyat, which loaded at the Ras Laffan export plant earlier this month, exited the strait and is in the Gulf of Oman, ship-tracking data compiled by Bloomberg shows. The vessel lists Pakistan as its next destination, according to the data.
The ship appears to have navigated the Tehran-approved northern route that hugs the Iranian coast through the strait, the data showed.
The effective closure of the waterway has choked off global LNG supplies, sending prices higher and causing shortages across Asia.