Stolt-Nielsen Navigates Rising Uncertainty in 1Q26
Stolt-Nielsen Limited opened 2026 with a solid—if more tempered—financial performance, underscoring both the resilience of its diversified logistics portfolio and the mounting pressures facing global chemical shipping markets.The London-based group reported first-quarter revenue of $716.8 million and net profit of $47.5 million for the period ending February 28, 2026, compared to $675.6 million and $151.4 million, respectively, in the same period a year ago.
Tanker Vessel Futures Fly High on Demand
"By the end of the first quarter of 2026, the global shipping order book hit a 17-year high, reaching 191m Compensated Gross Tonnes (CGT). This is equivalent to 17% of the global fleet, the highest ratio since 2011. The order book has been boosted by higher newbuilding contracting throughout the 2020s and most recently by the highest quarterly crude tanker contracting in history,” says Filipe Gouveia…
Shippers Cautious on Hormuz Passage, Seek Clarifications
Shippers on Wednesday said they needed more clarity on the terms of the U.S.-Iran ceasefire before resuming transit through the Strait of Hormuz, as Iran said the waterway remained closed to vessels sailing without a permit.The six‑week conflict had brought traffic through the strait - a chokepoint for about 20% of global oil and liquefied natural gas (LNG) shipments - close to a standstill, pushing…
Four Dead After Migrant Boat Sinks Off French Coast
Four people died after a small boat carrying migrants seeking to reach Britain sank in the Channel and a search and rescue operation was underway, French local authorities said on Thursday."A taxi-boat sinking occurred today. The situation is still being assessed and remains subject to change," local French authorities in Calais said in a press statement.In the past year, traffickers have taken to…
Oil Rises as Fragile Middle East Ceasefire Sustains Supply Risks
Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted.Brent crude futures LCOc1 were up $2.18, or 2.3%, at $96.93 a barrel at 0645 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 rose $3, or 3.18%, to $97.41 a barrel.Both benchmarks fell below $100 per barrel in the previous trading session…
Glencore, Taiwan’s CPC Charter Tankers as Hormuz Reopens
Commodities trader Glencore and Taiwan's state refiner CPC have chartered a tanker each to load Middle Eastern crude for Asia, while vessels in the Gulf are preparing to exit via the Strait of Hormuz, a day after the ceasefire in the U.S.-Iran war.The two-week truce hinges on letting ships pass through the strait, a chokepoint for about 20% of global oil and liquefied natural gas (LNG) shipments brought to a near standstill by the six-week conflict…
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